After being listed on the stock exchange for 74 years, the corporation accepted a buyout offer in March worth 2 trillion yen, or $14 billion, from a group of investors headed by the Japan Industrial Partners (JIP) fund.
This is the biggest leveraged buyout in Japanese history, according to the FT.
The decision was preceded by eight years of challenges at Toshiba, including a financial crisis, an accounting fraud scandal, the need to sell off assets quickly, and significant disputes between shareholders and management.
source: ft.com
