Toshiba set to go private as $14b takeover bid by JIP succeeds

Toshiba set to go private as $14b takeover bid by JIP succeeds

FILE PHOTO: A reporter raises his hand for a question during a Toshiba news conference at the company headquarters in Tokyo, Japan June 23, 2017. REUTERS/Issei Kato/File Photo

Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success, a deal which paves the way for the embattled industrial conglomerate to go private.

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