Assisted by Simpson Thacher & Bartlett and Big Four Japanese firm Anderson Mori & Tomotsune, Blackstone has offered to acquire a 41.98% stake in Japanese digital comic distributor, Infocom Corporation, for $1.7 billion.
Tokyo-listed Japanese materials maker Teijin, which owns 55% of Infocom, has also granted Blackstone preferential negotiating rights for the shares as the private equity fund plans to acquire Teijin’s entire stake in a tender offer, taking Infocom private.