Key facts
- Fuji Media Holdings is selling its real estate subsidiary, Sankei Building.
- Over 15 companies submitted bids for the subsidiary.
- Multiple bids exceeded 1 trillion yen.
- Fuji Media is reopening the first round of bidding.
- The deadline for new bids is mid-June.
Broadcaster Fuji Media Holdings has received stronger-than-expected interest for its real estate subsidiary, Sankei Building. More than 15 companies submitted bids, with multiple offers exceeding 1 trillion yen, significantly surpassing the 500 billion to 800 billion yen valuation previously reported. Potential bidders include private equity firms KKR, Blackstone, and investment bank Goldman Sachs. Fuji Media has decided to reopen the first round of bidding to allow more time for evaluation, setting a new deadline for mid-June. The company stated it was not the source of the information and declined further comment.