--A Japan Industrial Partners Inc.-led consortium vying to buy Toshiba Corp. may lower its offer for the conglomerate from about $16 billion after disappointing earnings, Bloomberg reports, citing sources familiar with the matter.

--The consortium already has equity funding commitments of about 1 trillion yen ($7.16 billion) for the acquisition, but some members have become hesitant about the proposed valuation, reports Bloomberg.

--Toshiba shares were last down 2.0% at Y4,761.


Full story: bloom.bg/3EVFnji


Write to Justina Lee at justina.lee@wsj.com


(END) Dow Jones Newswires

11-24-22 0002ET