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Market Chatter: Blackstone, Bain Capital Advance to Second Round of Bidding for Fuji Media's Sankei Building

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Investment giants Blackstone and Bain Capital have moved on to the second round of bidding for Sankei Building, the real estate unit of Japan's Fuji Media Holdings (TYO:4676), Bloomberg reported Thursday, citing people familiar with the matter.

The sale of Sankei Building could be Japan's largest-ever property deal with an estimated value of 1 trillion yen, the report said.

Over 15 firms submitted initial bids for Sankei Building, including KKR & Co. and Goldman Sachs Group Inc.

Blackstone, Bain Capital, Fuji Media, and Sankei Building did not immediately reply to' 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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