KKR has secured enough shares to take Fuji Soft private, days after rival Bain Capital dropped out from a bidding war for the Japanese software company valued at more than $4 billion.

TOKYO (Reuters) - U.S. private equity firm KKR has secured a 57.92% stake in Fuji Soft after the second stage of its tender offer bid, ending a fierce battle with rival Bain Capital to take the Japanese software developer private.

Bain Capital may withdraw tender offer for Fuji Soft, after KKR raised bid in intense bidding war. Global investors target Japan for deals.

Bain Capital is considering withdrawing its tender offer for Japanese IT firm Fuji Soft after rival U.S. private equity giant KKR raised its bid. Bain stated on Monday that it is carefully considering its future policy,

U.S. private equity firm Bain Capital said on Monday it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR for the Japanese IT company. Bain had said last week it might withdraw its proposal for Fuji Soft,

Bain Capital said it will give up its pursuit of Fuji Soft Inc., ending a months-long bidding war with KKR & Co. to take the Japanese software company private.

U.S. private equity firm, Bain Capital, announced on Monday that it will not proceed with a tender offer for Japanese IT company, Fuji Soft, marking the end of a prolonged takeover battle with rival firm KKR.