(Bloomberg) -- Bain Capital is exploring a bid to acquire Toshiba Corp., Reuters reported, citing people familiar with the matter.
ADVERTISEMENT
The private equity giant has entered into discussions with Japanese banks, including units of Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., to secure funding for a potential bid, Reuters reported, citing one person.
ADVERTISEMENT
Toshiba shares tumbled Wednesday after the Japanese company said a potential buyout offer from CVC Capital Partners has stalled.
©2021 Bloomberg L.P.