Blackstone, Bain Said Among Bidders for Fuji Media Property Unit

Blackstone, Bain Said Among Bidders for Fuji Media Property Unit Investment firms including Blackstone Inc. and Bain Capital have advanced to the second round of bidding for the real estate unit of Fuji Media Holdings Inc., people familiar with the matter said, in what’s likely to be Japan’s biggest-ever property deal. Japan’s Seibu Holdings Inc. and Canada’s BGO have also been shortlisted to the next phase to buy Sankei Building Co., the people said, asking not to be identified because the deliberations are private. Their planned bids are around ¥1 trillion ($6.3 billion), the people said. The second round is scheduled to finish in mid-September, during which time the finalists will conduct due diligence including assessing the value of the real estate assets, they said.