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Toshiba has received 10 potential offers for the company, eight of which would take the company private, while two would allow it to remain publicly listed, according to reports.

Toshiba shares are said to have risen as much as 6.5 percent following the news, with some estimates valuing the deals at up to $22 billion.

The Japanese conglomerate announced in April that it was considering proposals to take the company private following numerous scandals and pressure from investor groups.

Toshiba has appointed two directors from activist hedge funds to its board in a move that could tip the balance in favor of a sale that would take the company into private ownership.

Shareholders of the Japanese conglomerate voted their support for all 13 director nominations recommended by the company during the annual general meeting of shareholders held on June 28 in Tokyo.

This included two directors from hedge fund investment companies, a contentious move that led to the resignation of external director Mariko Watahiki, a former high court judge, who reportedly objected to their appointment on the grounds that it skewed the membership of the board towards activist investors.

Opinion Broadcom has yet to close the deal on taking over VMware, but the industry is already awash with speculation and analysis as to how the event could impact the cloud giant's product availability and pricing.

If Broadcom's track record and stated strategy tell us anything, we could soon see VMware refocus its efforts on its top 600 customers and raise prices, and leave thousands more searching for an alternative.

The jury is still out as to whether Broadcom will repeat the past or take a different approach. But, when it comes to VMware's ESXi hypervisor, customer concern is valid. There aren't many vendor options that can take on VMware in this arena, Forrester analyst Naveen Chhabra, tells The Register.

Disgraced tech giant Toshiba has revealed it has received ten buyout proposals, and devised a plan to grow its digital businesses.

"As of today, the Company has received eight initial proposals for privatization, as well as two initial proposals for a strategic capital and business alliance with the Company remaining listed from Potential Partners," the Japanese conglomerate stated in a canned statement [PDF] dated June 2.

Toshiba didn't say who submitted the buyout proposals, but Bain Capital is known to have expressed an interest. Reports have indicated CVC Capital Partners and KKR might be in the running too. It's worth noting that CVC has sought this opportunity before.

Ailing Japanese giant Toshiba has revealed it has 10 potential suitors for its possible sale.

A Friday announcement revealed that Toshiba's decision to consider a sale to a private buyer has progressed to the point at which discussions are under way with §0 parties who have expressed an interest in submitting a proposal to buy the company.

Those talks have become sufficiently serious that Toshiba has appointed two sets of advisors – from Mizuho Securities and JP Morgan Securities – to offer financial advice and assist the special committee Toshiba assembled to consider offers.

Cloud storage company Panzura has received an $80 million injection in a Series B funding round, which CEO Jill Stelfox says it'll use to build a "different" kind of storage company.

"The whole storage industry and management of end user data hasn't changed in 20 years," Stelfox told The Register. "We think we've got a shot at bringing it all together and making a real change."

Panzura competes in the enterprise cloud-based NAS market, with its hybrid cloud-based CloudFS. More recently, the file sync-and-sharer added cloud outage failover, shared NFS and SMB access, and Hyper-V support via its Data Flex release in February this year.

One of Toshiba’s largest shareholders has called upon the company's board to solicit bids to acquire all or part of the ailing Japanese giant.

The shareholder in question is 3D Investment Partners, which owns 7.6 per cent of Toshiba. On Wednesday it spelled out its disappointment in an open letter that notes shareholders have now opposed four turnaround plans proposed by management.

The letter expresses 3D's displeasure as follows:

Toshiba has decided it will consider proposals to take the company private, and devise yet another strategy to improve its performance, suggesting alternative proposals for the company's future will be revealed – and perhaps decided - in late June.

The beleaguered Japanese giant yesterday announced [PDF] it has created a special committee to consider any offers for the company.

Membership of the committee is only open to Toshiba's independent directors – an important decision because investors have already rejected two plans cooked up by the company's management, and expressed displeasure at many management decisions.

Updated Singapore-based Effissimo Capital Management, the largest shareholder in troubled Japanese tech giant Toshiba, has signed a deal to sell its stake to American private investment firm Bain Capital – if Bain decides to launch a takeover bid.

As explained in a regulatory filing Effissimo submitted on Thursday, the deal does not bind the investment firm or Bain if a better offer, or rival buyer, comes along.

Effissimo vigorously opposed Toshiba's plan to split itself into two companies earlier this month. That plan and a previous strategy to split into three companies were Toshiba's attempts to put years of scandal and underperformance behind it.

Toshiba's shareholders have rejected both the company's plan to split into two companies and a proposal to look for a private buyer.

The company today staged an extraordinary general meeting (EGM) to consider both proposals. The plan to split the company into two listed entities was developed by management after a previous plan to split into three was not well-received by investors.

Both plans were a response to years of management and governance failures – plus serious financial and corruption scandals – that drew investor agitation for a turnaround plan.