JIP yet to secure firm commitments from banks for Toshiba buyout: report

JIP yet to secure firm commitments from banks for Toshiba buyout: report

Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo September 14, 2015. REUTERS/Toru Hanai/Files

The preferred bidder for Toshiba Corp was not able finalise its planned 1.4 trillion yen ($10.61 billion) in financing for the acquisition as of Friday, two sources said, delaying into next year its effort to secure firm commitments from banks.

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