Toshiba receives a bid from partnership
Blackstone Inc. is considering teaming up with KKR & Co. on a joint bid for Japanese conglomerate Toshiba Corp, according to Bloomberg News
- The private equity firms have held exploratory talks about partnering on an offer for Toshiba
- Shares of Toshiba fell 0.4% in Tokyo trading Wednesday, giving the company a market value of nearly $18 billion.
- More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba, national broadcaster NHK reported on Friday.