Private equity fund JIP submits $15b bid for Toshiba

Private equity fund JIP submits $15b bid for Toshiba

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo

Private equity fund Japan Industrial Partners has submitted a bid of around $15 billion to buy Toshiba Corp, the Nikkei newspaper reported on Monday, delivering the proposal just before a looming preferred-bidder deadline.

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