Reuters: Private Equity: Bain to pay $1.3 bln for half of Japan TV shopping channel-source

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Bain to pay $1.3 bln for half of Japan TV shopping channel-source Jun 22nd 2012, 09:57 TOKYO, June 22 | Fri Jun 22, 2012 5:57am EDT TOKYO, June 22 (Reuters) - U.S. private equity firm Bain Capital will pay 100 billion yen ($1.3 billion) to buy a 50 percent stake in Jupiter Shop Channel, a television shopping company, a person with direct knowledge of the deal said. Bain on Friday said it would buy Jupiter Shop Channel from trading firm Sumitomo Corp but did not disclose terms of the deal.

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