A prolonged delay could put at risk the survival of the cash-strapped smartphone screen maker.
The deal will make the buyers Japan Display's biggest shareholders - with a 49.8% stake - replacing the Japanese government-backed INCJ fund.
IPOs & Markets
Depending on market conditions, the timing could be further pushed as far back as summer 2020.
TheJV, 51% owned by Toyota, could also provide batteries to Toyota's EV tech partners Mazda and Subaru.
The acquisition would allow Hitachi to boost its global presence in the power grid industry.
J&J is the second largest shareholder of the Japanese firm and owns a 19.9 percent stake through its affiliate.
This comes after Nissan cancelled a potential $1 billion sale of the unit to GSR Capital last month, saying the Chinese firm lacked the funds to mak
Sharp, which withdrew from the PC business in 2010, plans to leverage the vast purchasing network of Foxconn.
The Bain consortium won a long and highly contentious battle for Toshiba Corp’s chip business, the world’s No. 2 producer of NAND chips.
A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit. But Toshiba was unable to c
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