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KKR Backs Out of Bidding for Toshiba, FT Says

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KKR Backs Out of Bidding for Toshiba, FT Says

By fdgiorg July 8, 2022July 4, 2022

KKR & Co. is backing away from a potential $22 billion bidding war for Toshiba Corp., the Financial Times reported, citing people familiar with the discussions.

The private equity giant has lost enthusiasm for a takeover of the Japanese industrial icon, opting instead to acquire businesses that will get spun off during a privatization process, the newspaper said.

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