💨 Abstract

Private equity firm KKR has acquired a 35% stake in Japanese software developer Fuji Soft, blocking a higher offer from rival Bain Capital. The acquisition was made during the first stage of KKR's two-stage buyout tender offer, with the second stage set for mid-November. The move gives KKR control over Fuji Soft's shares, preventing Bain's bid from proceeding.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖