Toshiba Names Japan Industrial Partners as Preferred Buyout Bidder


According to Nikkei Asia, Toshiba has selected Japan Industrial Partners (JIP) as the investment group it prefers as a potential buyer for the troubled conglomerate. Now, talks will focus on the price. Nikkei Asia’s October 11 report says that Toshiba granted preferred bidder status to JIP, a Tokyo-based private-equity company that is part of consortium

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