Toshiba, one of the leading electronic equipment brands, is now reportedly set to receive a $15.3 billion takeover bid from a conglomerate of Japanese companies.
This takeover is expected to involve investment from around 20 Japanese firms, and is led by JIP (Japan Industrial Partners).
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Previously, since last 2015, Toshiba faced the problem of a financial crisis due to inconsistencies in accounting, in addition to the subsidiary in the United States that focuses on nuclear energy experiencing large losses.
Since then, various things have happened, including last year 2022, it was planned to split the company into two. However, the plan was rejected by shareholders.
Toshiba has since started a restructuring process, and accepted a takeover bid by JIP last November 2022. Now, after receiving financial commitments from investors and financial institutions, JIP announced the takeover offer last February 2023.
Next, it will go through several phases, including in terms of legislation and so on, before the takeover is fully completed.