Posted 12/14/2023, 9:00:00 PM
Toshiba Goes Private in $14 Billion Buyout Led by Japan Industrial Partners, Marking End of 74 Years as Public Company
- Toshiba is being bought out by a private equity consortium led by Japan Industrial Partners for $14B
- This marks the end of Toshiba's 74-year run as a publicly listed company
- The buyout carries significance for those like Akira Morio who wanted buyouts to reform Japan Inc.
- Activist investors drove the Toshiba buyout to consolidate ownership and enable bolder reforms
- The Toshiba deal shows shareholder activism has partially reshaped Japan Inc. but more change could come