Stocks & indices

Blackstone, Bain and Warburg prepare final bids for Fuji Media's property unit

Sources say Blackstone, Bain Capital and Warburg Pincus are preparing final bids for Fuji Media's property unit.

Deal details have not been disclosed.

For beginners Private equity funds often buy non-core assets from large companies to develop them separately; competition among several funds for one asset usually pushes up the sale price.