It is official the Toshiba Corporation is set to be delisted from the Tokyo Stock Exchange in Japan.

The $US13.5 billion buyout of Toshiba by a private equity fund has put an end to the company’s 74-year-long run as a listed entity.

The buyout was led by Japan Industrial Partners (JIP) which purchased 78.65 per cent of Toshiba shares, which is enough to squeeze out remaining shareholders.

The deal puts the 148-year-old company in domestic hands after years of battling overseas activist investors.

JIP's consortium includes 20 Japanese companies, led by chipmaker Rohm, financial services firm Orix and Chubu Electric Power.

It is the largest M&A deal in Japan this year.