Struggling conglomerate will be sold to consortium backed by 17 domestic companies and six financial institutions
Toshiba
Move could bring down the curtain on years of turbulence at the storied Japanese firm
Industrial group hit by falling demand for disc drives from data centres
Company now says it will ‘consider various strategic options’
Satoshi Tsunakawa leaves Japanese group after less than a year as turmoil continues
Singer remains an admirable contrarian, but hasn’t troubled the charts in decades
Japanese industrial conglomerate proposes break-up following shareholder discontent
People close to Japanese group say size does not exceed 5%
Move comes after company was found to have colluded with government in suppressing foreign investor interests
Crisis renews concern about governance in world’s third-largest economy and its openness to foreign investors
More than 740GB of information compromised, including passports and other personal information
Expectations for continued central bank support help drive stock benchmarks higher
If realised, deal will shield management of scandal-hit conglomerate from scrutiny
Activist fund becomes one of the first financial institutions to withdraw from the territory
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