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Toshiba Board Approves Investor Buyout Bid


After years of scandal, struggle, and restructuring to avert insolvency, Toshiba has accepted a ¥2 trillion ($15.3 billion) bid by a coalition of investors to take the conglomerate private, Nikkei Asia reported on March 23. The coalition, led by Japan Industrial Partners (JIP), will be financed by some 20 Japanese companies, including Orix, Rohm, and

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