URGENT: Toshiba OKs Japan Industrial Partners-led consortium buyout: sources

Toshiba Corp. has agreed to accept a buyout offer from a consortium led by Tokyo-based fund Japan Industrial Partners Inc., in a deal expected to be worth about 2 trillion yen, sources familiar with the matter said Thursday.

The JIP-led group is expected to launch a tender offer to buy Toshiba shares from existing shareholders and delist the struggling conglomerate, the sources said.

© Kyodo News