Fuji Media (TYO:4676) said it is evaluating the method, scale, timing, and other details for introducing outside capital into its Urban Development, Hotels & Resorts Segment, in response to media reports.
The company said it has not officially unveiled any of the reported figures, after a Bloomberg News report claimed more than 15 bidders, including KKR, Blackstone, and Goldman Sachs, submitted offers last month, some exceeding 1 trillion yen.
That reported amount far surpasses the 500 billion yen to 800 billion yen valuation originally estimated when the broadcaster first considered the deal earlier this year, Bloomberg reported, citing people familiar with the matter.
Fuji Media plans to reopen the first bidding round by mid-June to verify the feasibility of proposals, including funding certainty, the news wire said.