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Long known as a “monozukuri” – or manufacturing – powerhouse, Japan is in danger of getting left behind as artificial intelligence, robotics, and machine learning sweep through industries from cars to banking
Japan Display will turn to investment from domestic and overseas funds for now to shore up its finances.
The deal had been expected after reports last year that the companies were in talks.
Nissan Motor Co is Mitsubishi Motors’ top shareholder with a controlling 34% stake.
Japan Display is aiming to agree a deal by the end of March.
Elliott has become Hitachi Kokusai’s No.2 shareholder after Hitachi Ltd, which has a little over 50 percent.
The buyout will be cancelled if Bain fails to buy a stake larger than 50.1%.
The two companies reportedly struggled to agree on the terms.
Japan’s biggest gold miner looks to boost its output through acquisitions.
Toshiba denied report that it was looking to sell shares in ToshibaTec.