Toshiba to go private as board accepts $15 bn takeover bid: reports

Troubled Japanese conglomerate Toshiba on Thursday accepted a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners, major local media outlets reported.

The long-awaited decision follows years of turmoil for the company, which once symbolised Japan’s tech prowess but has recently faced scandals, financial troubles and high-level resignations.