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May 08, 2024
 

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ACQUISITIONS

Japan Times
BUSINESS
Dec 30, 2022
Toshiba deal faces more uncertainty as financing talks stall
A consortium led by Japan Industrial Partners is in talks over bank financing totaling about u00a51.4 trillion to take Toshiba private, but negotiations have stalled.
Japan Times
BUSINESS
Dec 10, 2022
Toshiba's preferred bidder moving closer to securing financing for buyout
Concrete restructuring steps proposed by Japan Industrial Partners have made a group of lenders more confident in JIP's post-acquisition plans.
Japan Times
BUSINESS / Companies
Dec 8, 2022
SoftBank’s Masayoshi Son quietly lifts stake to 34%, edging toward buyout
The billionaire now owns more than a third of the company he founded, after aggressive buybacks in the last two months.
Japan Times
BUSINESS / Companies
Nov 28, 2022
Toshiba’s preferred bid delayed amid loan uncertainty, sources say
Banks are considering issuing commitment letters for loans to a consortium led by Japan Industrial Partners and aren't expected to make a decision until mid-December, later than planned.
Japan Times
BUSINESS / Companies
Nov 26, 2022
JIP to launch Toshiba tender offer by end of March
JIP, which holds preferential negotiating rights for the firm, plans to procure more than u00a52.2 trillion by securing investments from over 10 companies and bank loans.
Japan Times
BUSINESS / Companies
Nov 24, 2022
Mitsubishi UFJ to buy two Asia units of Home Credit for $620 million
The deal comes as Japan's largest lender aims to beef up its business in Asia to tap growth in consumption in emerging markets.
Japan Times
BUSINESS / Companies
Nov 17, 2022
Toshiba preferred bidder may tap Rohm and Suzuki for funds
Electronics company Rohm is considering putting in about u00a5100 billion in equity and around u00a5200 billion in debt as part of efforts to back a bid for the group.
Japan Times
BUSINESS / Companies
Nov 12, 2022
Success of JIP's bid for Toshiba hinges on banks
The investment fund is negotiating with lenders to raise over u00a51 trillion in loans, though some banks view extending such a line of credit as overly risky.
Japan Times
BUSINESS / Companies
Nov 11, 2022
Seven-Eleven parent to sell Sogo & Seibu stores to U.S. fund
The U.S. investment fund said it will revamp the operator of Sogo and Seibu department stores by teaming up with electrical appliances retailer Yodobashi Camera.
Japan Times
BUSINESS / Companies
Nov 9, 2022
Fortress close to buying Japan’s Sogo & Seibu for over $1.4 billion
Discussions are in their final stage and an announcement could come as soon as Thursday, sources have said.
Japan Times
BUSINESS / Companies
Nov 8, 2022
Buyout fund JIP submits bid for Toshiba without bank backing
It is still uncertain whether funds can be guaranteed for the takeover estimated at some u00a52.2 trillion in total.
Japan Times
BUSINESS / Companies
Nov 7, 2022
Fate of Toshiba management causing friction for banks in buyout plan
There is concern preferred bidder JIP's plan to retain Toshiba CEO Taro Shimada and his team could impede the reorganization needed to put the firm on the road to recovery.
Japan Times
BUSINESS
Nov 4, 2022
Toshiba’s preferred bidder may miss finance deadline
Four banks that were considering whether to issue commitment letters for loans to the consortium led by Japan Industrial Partners have decided not to proceed before the cutoff date.
Japan Times
BUSINESS / Tech
Oct 28, 2022
Elon Musk's Twitter ownership begins with firings and uncertainty
Musk has offered little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform.
Japan Times
BUSINESS / Companies
Oct 24, 2022
Toshiba valued at ¥2.4 trillion by JIP in takeover bid, sources say
A bid at u00a52.4 trillion would be worth about u00a55,541 per share, similar to Toshiba's closing price of u00a55,391 per share on Monday in Tokyo.
Japan Times
BUSINESS / Tech
Oct 21, 2022
Twitter and Elon Musk talks warm up as buyout deadline nears
After months of public acrimony and accusations, talks between the two sides have turned cordial and are focused on closing the transaction rather than litigation, according to one source.
Japan Times
BUSINESS / Companies
Oct 18, 2022
Toshiba's preferred bidder offers less than key ¥6,000 a share, sources say
During a strategic review last year, at least one global private equity firm told Toshiba's review committee that a deal could be done at u00a56,000 a share or more.
Japan Times
BUSINESS / Companies
Oct 17, 2022
Toshiba sale faces delay as banks wary on financing
Some global banks have turned cautious over backing large buyouts like Toshiba amid rising borrowing costs in the United States and elsewhere.
Japan Times
BUSINESS / Companies
Oct 12, 2022
Toshiba chooses JIP-led group as preferred bidder for buyout, sources say
Private equity firm Japan Industrial Partners is looking to acquire the firm in partnership with multiple domestic companies including Orix and Chubu Electric Power, sources said.
Japan Times
BUSINESS
Oct 5, 2022
Elon Musk revives $44 billion Twitter bid, aiming to avoid trial
For Twitter, proceeding with Musk's plan augurs a future under a mercurial billionaire who has spent months publicly criticizing its management.
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Japan's labor crunch persists despite slight improvement
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
Excitement returns to tourist spots in Japan one year on
On May 2, the streets of Arashiyama, a well-known tourist destination in Kyoto, were filled with tourists, including many from abroad, ahead of the four-day weekend.
Many banks in Japan raise deposit rates after BOJ action
Major banks as well as regional banks have raised their ordinary deposit rates to 0.02% per annum from 0.001%.
How a Japanese scientist is turning the climate crisis into music
A screencap of a performance of Hiroto Nagai's “String Quartet No. 1 ‘Polar Energy Budget’” by the PRT Quartet
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
Pentagon reveals drone types for Replicator program to counter China
A U.S. Naval Special Warfare Operator fires a Switchblade 300 loitering munition during training exercises in Fallon, Nevada, last July. The U.S. Defense Department plans to use small drones — known in the Pentagon as “all-domain attritable autonomous systems” — to help counter Chinese military systems and tactics.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.

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