An investment fund controlled by the Japanese government is considering a Y100 billion ($1.3 billion) investment in Renesas, a troubled computer chip manufacturer that is the subject of a takeover bid by private equity fund KKR. Renesas is a key supplier to Japan’s auto industry, hence interest from the government-backed consortium, but an investment may only delay future coups by foreign dealmakers in Japan’s struggling economy.
Henry Kravis is starting a bidding war with Japan
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