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Bain Said to Pay $1 Billion for 50% of Japanese TV Firm

Bain Capital LLC, the Boston-based private-equity firm co-founded by Mitt Romney, will acquire 50 percent of Japan’s Jupiter Shop Channel Co., said the stake’s owner, Sumitomo Corp.

The deal is valued at more than $1 billion, according to a person familiar with the transaction, who asked not to be identified because the terms weren’t disclosed.