CVC Capital Partners is reportedly making a $20 billion (€16.8bn) bid to buy Japanese electronics giant Toshiba. The intention is to take Toshiba into private ownership.
Toshiba said it “will ask for further clarification and give it careful consideration”, but did not provide any further details, according to London financial daily City AM.
The proposed deal comes three weeks after shareholders approved an independent probe into the company, and could potentially shield managers, particularly chief executive Nobuaki Kurumatani, from that scrutiny.
Any purchase would need Japanese regulatory examination. However, Kurumatani joined Toshiba from CVC Capital.