Toshiba Accepts $15 Billion Buyout Bid From Private Equity Firm Japan Industrial Partners

Toshiba accepted a $15.3 billion (roughly Rs. 1.25 lakh crore) 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 CNY 2 trillion ($15.3 billion) from a group led by dom...

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