Toshiba’s ongoing problems for years brought the company’s final demise. According to reports from Japan, private equity firm Japan Industrial Partners will acquire Toshiba for $15 billion.
Headquartered in Japan, one of the largest technology companies in the world Toshiba, has not been going through a very good process in the last few years. In fact, the company met with its investors last year and decided to be sold or split into two. had argued. Latest news for Toshiba final the end has come it reveals.
After the impasses of Toshiba, which started to serve in 1875 and has a history of approximately 150 years, to be sold It was decided. According to the information obtained, Japan-based private equity firm Japan Industrial Partners has acquired Toshiba. 15 billion dollars will buy in return.
Toshiba, which refused to be divided in the past, will have dozens of owners!
According to the information received, Japan Industrial Partners has signed a contract for Toshiba’s management. will form a consortium. According to the news in Reuters, a total of 20 companies, mostly based in Japan, will take part in this consortium. Thus, Toshiba will be divided into 20, while refusing to even split in two. Japan Industrial Partners will also distance Toshiba from the Japanese government and completely private There is talk of making it a company.
Although the sale of Toshiba is technically approved, competition authorities they have to let. It is not clear exactly when this will happen, but according to industry sources, this work will officially start by the end of July and will be completed in a few months. Both Japan Industrial Partners and Toshiba executives agree that this decision enough to save thinks…
Source :
https://www.reuters.com/markets/deals/toshiba-board-agrees-accept-jips-153-bln-buyout-proposal-nikkei-2023-03-23/