Sony Music Entertainment (NYSE: SONY) is preparing a bid against private equity funds Blackstone (NYSE: BLK) and KKR (NYSE: KKR) to acquire Japanese e-comics provider Infocom Corp. in a deal estimated to be worth around ¥200 billion (around $1.3 billion).
A second round of bidding for Teijin Ltd.’s entire stake in Infocom will be held in May, according to Bloomberg News. Sony Group Corp.’s music arm is discussing an offer with Japanese fund Integral Corp. and the suitors are considering acquiring all of Infocom’s shares to take the Mecha Comics manga app operator private, Bloomberg reported. Industrial textiles maker Teijin holds 55.1 percent of Infocom, according to data compiled by Bloomberg.