Toshiba, a prominent technology company with roots dating back to 1875, is set to become a private entity after a successful buyout offer.
![](https://krugmaninsights.com/wp-content/uploads/2023/09/toshiba.avif)
The deal, led by private equity fund Japan Industrial Partners Inc., amounts to ¥2 trillion ($13.5 billion), making it Japan’s largest deal this year and ending Toshiba’s 74-year tenure as a listed company.
With the JIP-led consortium now owning 78.65% of Toshiba’s shares, the remaining shareholders will be squeezed out, allowing the domestic fund to take full control of the company.