KKR Raises Offer for Fuji Soft by 1 Yen, Surpassing Bain Capital's Bid

Nov 15, 2024, 11:27 AM

KKR has increased its tender offer price for the acquisition of Fuji Soft, surpassing a competing bid from Bain Capital. The new offer was accepted by Fuji Soft's board, which favored KKR's bid of 1 yen more than Bain's proposal. This move allows KKR to gain an advantage in the ongoing buyout battle for the Japanese software developer, effectively securing the support of Fuji Soft's management in the process. The decision highlights KKR's strategic efforts to strengthen its position in the technology sector through acquisitions.