Sony Group, others eyeing buyout of Infocom, Bloomberg News reports (updated)

Infocom

09/05/2024 11:55

(Adds details in paragraphs 2-5.)
       TOKYO, May 9 (Reuters) - Sony Group  6758.T  and other
parties are considering buying online comic store operator
Infocom Corp  4348.T  in a deal worth up to 200 billion yen
($1.28 billion), Bloomberg News reported on Thursday.
    Infocom parent Teijin Ltd  3401.T  is aiming to sell its
entire stake of around 55% and scheduled a second round of
bidding for mid-May, Bloomberg said, citing multiple sources.
    Other likely bidders include the U.S. investment funds
Blackstone and KKR, Bloomberg said.
        Some bidders are aiming to acquire all of Infocom's
shares through a tender offer that could put the purchase price
at 200 billion yen, Bloomberg said, citing once source.
  
        Sony will bid in concert with investment fund Integral
Corp, according to another source, Bloomberg said. 
  
        Infocom operates digital comic site MechaComic, which is
Japan's largest, according to its Twitter page. Infocom's market
capitalisation is currently 171 billion yen, according to LSEG
data.
  
        
  
    ($1 = 155.9200 yen)

 (Reporting by Komiya Kantaro and Anton Bridge; editing by Jason
Neely and Toby Chopra)
 ((Anton.Bridge@thomsonreuters.com;))