Blackstone Inc. (NYSE:BX) entered into the Basic Transaction Agreement to acquire 41.98% stake in Infocom Corporation (TSE:4348) for ¥140 billion in a tender offer transaction on June 18, 2024. A cash consideration valued at ¥6060 per share and of ¥1 per unit of stock acquisition right will be paid by Blackstone Inc. The transaction will be financed through it's own funds of ¥14.2 billion. Blackstone Inc. expects that the Infocom Corporation?s management team will continue to play a leading role in the business operation. Transaction is expected to complete on July 31, 2024.

Goldman Sachs Japan Co., Ltd. acted as Financial advisor to Blackstone Inc. Anderson Mori & Tomotsune LPC acted as legal advisor to Blackstone Inc. TMI Associates acted as legal and Fairness opinion provider. Anthony King, Étienne Renaudeau, Shahpur Kabraji, Andrew Bechtel, Alvin Kwong, Meredith Jones and Steven Klar of Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone Inc. (NYSE:BX).