04:42 AM EST, 12/18/2024 (MT Newswires) -- KKR's (KKR) bid to acquire and take private Fuji Soft is being challenged by a hostile takeover bid by Bain Capital, news outlets reported.

Bain plans to make a bid to buy shares of the Japanese software company even without support from the company's board after Fuji Soft rejected its offer in favor of KKR's, the reports said, citing a presentation by Bain.

KKR already owns about a third of Fuji Soft, according to reports.

KKR, Bain Capital and Fuji Soft did not immediately respond to MT Newswires' request for comment.