JIP, Toshiba's preferred bidder, moves closer to securing financing for buyout

JIP, Toshiba's preferred bidder, moves closer to securing financing for buyout

A man walks on a Toshiba advertisement at an electronics shop in Tokyo September 30, 2015. REUTERS/Toru Hanai

Japan Industrial Partners, the preferred bidder to buy out Toshiba Corp, has moved closer to securing financing from banks, three people with knowledge of the matter said.