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Toshiba in turmoil

Toshiba buyout: Japanese investor group selected as preferred bidder

Negotiations likely to focus on buyout price, funding

Toshiba has granted the preferred bidder status to an investment group led by Japan Industrial Partners.  (Photo by Tsuyoshi Tamehiro)

TOKYO -- Toshiba has granted the preferred bidder status to an investment group led by Japan Industrial Partners (JIP) in a potential buyout of the Japanese industrial conglomerate, Nikkei has learned.

Negotiations are expected to focus on the buyout price and funding for the acquisition.

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