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Toshiba to go private on December 20 after successful $13 billion takeover bid

Economic Times · 1y

Toshiba is set to go private on December 20th following a successful $13 billion takeover bid. The Japanese tech giant will delist its shares from the Tokyo Stock Exchange and become a fully private company. The move comes after Toshiba faced multiple challenges in recent years, including an accounting scandal and financial losses. The company hopes that going private will enable it to focus on long-term growth and innovation.