Japan Inc. reportedly moves to block KKR's Renesas takeover
Junko Yoshida, EETimes
9/21/2012 2:37 PM EDT
The new consortium includes Toyota Motor, Panasonic and a Japanese government-backed fund called the Innovation Network Corp. of Japan (INCJ). The group is reportedly looking to invest more than 100 billion yen (about $1.28 billion), Nikkei reported, with plans to acquire a majority stake in Renesas by the end of 2012.
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