Japanese tech company Toshiba has accepted a tender offer worth $15 billion from Japanese Industrial Partners.
Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen tender offer from a buyout fund made up of the nation’s major banks and companies.
The bid is the latest chapter in the company's turnaround effort, allowing it to go private and delist from the Tokyo Stock Exchange. If the deal is successful, it will keep Toshiba’s business Japanese in an alliance with Japanese partners.
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