Market Chatter: KKR, Blackstone, Goldman Sachs Among Bidders for Fuji Media Real Estate Unit

MT Newswires Live06-04

KKR (KKR), Blackstone (BX), and Goldman Sachs (GS) are among the firms that have submitted bids for Fuji Media Holdings' real estate subsidiary, Sankei Building, with several offers exceeding 1 trillion yen ($6.3 billion), Bloomberg reported Thursday, citing people familiar with the matter.

According to the report, more than 15 firms bid for the unit last month, with offers topping 1 trillion yen and significantly exceeding Fuji Media's earlier valuation estimate of 500 billion yen to 800 billion yen.

Fuji Media will reopen the initial bidding round to review proposals and verify financing, with revised bids due by mid-June, Bloomberg added.

KKR, Blackstone, and Goldman Sachs did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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