Fuji Media’s real estate unit attracts 1 trillion yen bids, Bloomberg News reports
A sign of Fuji Media Holdings is seen at the company’s headquarters building in Odaiba district in Tokyo, Japan January 27, 2025. REUTERS/Issei Kato
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
June 4 : Broadcaster Fuji Media Holdings received stronger-than-expected interest for its real estate subsidiary Sankei Building, attracting bidders including KKR, Blackstone and Goldman Sachs, Bloomberg News reported on Thursday, citing people familiar with the matter.
Last month, more than 15 companies submitted bids for the real estate unit with multiple offers above 1 trillion yen ($6.26 billion), the report said.
Bloomberg reported in April that the company was seeking bidders for Sankei Building in a deal that could value the company anywhere from 500 billion yen to 800 billion yen.
Reuters could not immediately verify the report. KKR, Blackstone and Goldman Sachs did not immediately respond to a Reuters request for comment.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Fuji Media is set to take the unusual step of re-opening the first round of bidding for its real estate subsidiary to allow more time to evaluate the offers, the report said, adding that the deadline for the latest bids is scheduled for mid-June.
A Fuji Media spokesperson told Bloomberg the company wasn’t the source of the information, and it had no further comment.
($1 = 159.8700 yen)
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
