Toshiba to go private as $13.5 billion buyout offer succeeds

Toshiba Corp. is set to be taken private by private equity fund Japan Industrial Partners Inc. in a ¥2 trillion ($13.5 billion) buyout, ending the company's 74-year run as a listed entity. The JIP-led consortium now holds 78.65% of Toshiba's shares, allowing them to squeeze out the remaining shareholders and take full control.