•&nbsp;<a fr-original-style="" href="https://www.ft.com/content/bbccd598-7e50-465b-aa83-57ea378d7637" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Japan Investment Corporation</a>&nbsp;(JIC), a $30 billion fund backed by the Japanese government, announced it will bid for the takeover of Toshiba, alongside US groups Bain Capital, KKR and Blackstone, in a deal that would be the biggest-ever private equity buyout in Japan's history.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Behind the scenes: Bidders were required to form a consortium that needs Japanese authorities' approval since Toshiba’s businesses stretch across sensitive sectors, including nuclear power, defense and semiconductors.</li></ul>

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