Toshiba's board agrees to accept $15.3b buyout proposal from JIP-led consortium: Nikkei

Toshiba's board agrees to accept $15.3b buyout proposal from JIP-led consortium: Nikkei

FILE PHOTO: The logo of Toshiba Corp is seen at the company's facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon/File Photo

Toshiba Corp‘s board on Thursday agreed to accept a buyout proposal worth around 2 trillion yen ($15.3 billion) from a consortium led by private equity firm Japan Industrial Partners (JIP), the Nikkei business daily reported.

Edited by: Pramod Mathew