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The Times of India
The Times of India
Business
Bloomberg

Toshiba accepts $15 billion buyout offer from JIP, Nikkei says

TOKYO: Toshiba Corp accepted a $15.3 billion buyout offer from a Japanese consortium, the Nikkei newspaper reported, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history.

The Tokyo-based company’s board approved on Thursday a bid of about 2 trillion yen ($15.3 billion) from a group led by domestic private equity firm Japan Industrial Partners Inc., the report said, without attribution.

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