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Tech Giant Toshiba Offered $20Bn Takeover Bid From CVC

Tech Giant Toshiba Offered $20Bn Takeover Bid From CVC

The Japanese conglomerate Toshiba has received a buyout offer from a private British equity fund in a deal worth $20bn. When the scandal-hit firm revealed the bid by CVC Capital Partners, its shares were temporarily halted on Tokyo’s stock exchange. In the United States, however, Toshiba’s listed shares skyrocketed almost by 20% after they revealed the bid. Toshiba will now ...

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