Japanese conglomerate Toshiba Corporation has received a buyout offer from, CVC Capital Partners, a British private equity fund in a deal that could be worth about $20 billion.
“Toshiba received an initial proposal yesterday (Tuesday) and will ask for further clarification and give it careful consideration,” Toshiba said in a statement.
“The company will make a further announcement in due course.”
Toshiba is one of Japan’s largest firms whose business empire stretches from home electronics to nuclear power stations.
