Japan’s Toshiba Confirms $20bn Takeover Bid from CVC Capital Partners

oshiba said Wednesday that it asked for more details on the proposal it received on Tuesday, was giving it "careful consideration” and would make an announcement "in due course.”

The logo of the Japanese industrial group Toshiba is seen on top of its headquarters in Tokyo, Japan, April 7, 2021. (AFP Photo)

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.