Toshiba accepts $15 bn buyout offer from JIP-led group: Report
Toshiba Corporation's board has accepted a takeover offer worth around $15 billion from a consortium led by private equity firm Japan Industrial Partners (JIP), Nikkei reported. JIP would take the company private once it secures the necessary permits, the report added. Toshiba has been engulfed in troubles, including accounting scandals and losses in US nuclear business since 2015.