Blackstone and KKR Discuss Joint Bid for Toshiba

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With Covid restrictions lifting, it seems everyone is finally going on that long-delayed trip abroad. Private equity firms are no exception, and perhaps no foreign destination has drawn more interest from the industry of late than Japan.

Blackstone joined the fray in a big way on Wednesday, reportedly entering preliminary talks with KKR to prepare a joint bid for electronics conglomerate Toshiba, according to sources who spoke with Bloomberg. The potential takeover sets the chess pieces for a showdown with Bain Capital -- if Japanese authorities allow any such deal at all.

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Source Fool.com