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On April 14, according to Sina Technology, a person familiar with the matter said that the world's top investment institution KKR plans to spend more than 20 billion U.S. dollars to bid for Toshiba with private equity firm CVC Capital Partners.

Prior to April 7, Nikkei reported that Toshiba received CVC's proposal to acquire Toshiba for US$20 billion and delist it; at the same time, CVC is also considering inviting other investors to participate in the acquisition. In this regard, people familiar with the matter said that at least two of Toshiba's largest shareholders have called on the board of directors to seriously consider any of the above-mentioned acquisition offers. Some analysts also pointed out the necessity of Toshiba's acceptance of the acquisition proposal: In any case, such a transaction may help Toshiba get rid of the interference of its activist investors, who have been in conflict with Toshiba on corporate governance and strategic issues.

Today, Toshiba will convene a board of directors to discuss a proposal made by a director to remove the company's CEO Nobuaki Kurumatani. According to Nikkei News, Nobuaki Kurumatani will resign on Wednesday and will be replaced by chairman Satoshi Tsunakawa.