One of Japan's oldest and largest firms, Toshiba will withdraw from the stock market after 74 years after the purchase of a majority of its shares was completed.
A consortium led by private equity firm Japan Industrial Partners Inc (JIP) has bought 78.65% of its shares.
This allowed the group to complete a $14 billion or 2 trillion yen deal to take it personally.
Under the agreement as well, Toshiba shares will be delisted from the stock market in about a month.
Toshiba shares began trading in May 1949 when the Tokyo Stock Exchange reopened as Japan recovered from the devastation of the Second World War (WW2).
The company has been embroiled in a wide-ranging accounting scandal since 2015, in which it admitted to overstating its profits by more than $1 billion over six years and paid a fine of 7.37 billion yen ($47 million).
Two years later, it revealed huge losses at US nuclear power business Westinghouse that forced it to sell its memory chip business in 2018 to avoid bankruptcy.
The worsening crisis prompted him to consider JIP's offer to take the company private.
