TOKYO -- As Toshiba heads for a buyout by a private equity fund on Friday, the industrial conglomerate will need not only to improve its efficiency and profitability, but also to make large investments, including mergers and acquisitions (M&As), said Chairman Akihiro Watanabe, as Toshiba aims to re-emerge as a digitally driven company.
Toshiba in turmoil
Toshiba will need M&As in its digital push: chairman
Careful strategy required as conglomerate aims for relisting in 3 to 5 years
Akihiro Watanabe, Toshiba's chairman of the board, urged the JIP-led consortium to carefully strategize on its relisting plan. (Photo by Kosuke Imamura)
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