Toshiba’s shares will be delisted from the Tokyo Stock Exchange

Toshiba’s history as a publicly listed company is set to come to an end after 74 years, as a group of investors led by private equity firm Japan Industrial Partners (JIP) has purchased a majority stake in the company. The deal, which is worth around $14 billion, is expected to be finalized in the coming months, and Toshiba’s shares will be delisted from the Tokyo Stock Exchange.

Toshiba’s decision to go private comes after years of turmoil and financial losses. The company has been struggling to compete with larger rivals in the electronics and energy sectors, and it has also been weighed down by accounting scandals and other corporate governance issues.

JIP has said that it plans to take Toshiba private in order to give the company the time and space it needs to turn around its business. The firm has also said that it is committed to investing in Toshiba’s core businesses and helping the company grow.

Toshiba’s delisting from the Tokyo Stock Exchange will mark the end of an era for one of Japan’s most iconic companies. However, it is also possible that the move could be a positive development for Toshiba, if it gives the company the flexibility and resources it needs to recover.