Toshiba deal
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Japan Industrial Partners Inc., Suzuki Motor Corp. and ROHM Co. Ltd. acquisition of Toshiba Corporation
Deal Value: $16.23 billionA conglomerate that includes Japan Industrial Partners (JIP) is currently in talks with banks and other finance providers to ensure that it has the resources to bring Toshiba, the world-renowned Japanese diversified technology manufacturer, private in 2023.
Toshiba’s businesses include everything from nuclear power to defence technology and microchip manufacturing.
Any potential acquisition would be another nail in the coffin of the famed keiretsu, the group of Japanese conglomerates that once looked set to take over the world one business at a time.
Interesting!
The acquisition talks indicate that the conglomerate, which includes Japan Industrial Partners (JIP), is actively engaging with banks and financial providers to secure the resources needed for this acquisition and to potentially make Toshiba a private company in 2023. If it goes through, will be closely watched by the industry and could have ramifications not just for the companies involved, but potentially for the broader technology and manufacturing sectors in Japan and globally.
Japan Industrial Partners-led consortium gains 78.65% stake in Toshiba, bringing the $14bn deal to take the dinosaur game company private a step closer.
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