Consortium led by Japanese investment fund JIP considers 2.4 trillion yen bid for Toshiba

A consortium led by investment fund JIP is considering a bid for Toshiba at a value of 2.4 trillion yen, according to Bloomberg. The consortium plans to provide 1 trillion yen in cash while seeking a total of 1.4 trillion yen in financing from banks and 200 billion yen in committed credit lines as working capital, according to people familiar with the matter. JIP has yet to finalize equity commitments from its partners, while banks remain cautious about making binding commitments, the people said.