What's happened
Toshiba, a symbol of Japan's post-war economic recovery, is set to be delisted from the Tokyo Stock Exchange after a private equity consortium led by Japan Industrial Partners (JIP) succeeded in a tender offer to take the company private.
Why it matters
The delisting of Toshiba, a major player in Japan's technology industry, marks the end of its 74-year history on the stock market and signifies a significant shift in the country's corporate landscape.
What the papers say
The Times reports on the history of upheaval at Toshiba, including accounting scandals and heavy losses, while AP News and BBC News provide a broader historical context of Toshiba's significance in Japan's economic recovery and its recent setbacks.
How we got here
Toshiba, once a symbol of Japan's economic recovery, has faced major setbacks in recent years, including accounting scandals and heavy losses.
More on these topics
-
Toshiba Corporation is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Its diversified products and services include power, industrial and social infrastructure systems, elevators and escalators, electronic components, semiconductors