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Good morning. Today is Thursday, December 26th. I'm Julie Morgan. The first round bids for Seven and I are in.

Japan Airlines is hit by a cyber attack, NW Games is acquiring Paxi Games.

Private equity firms Bain Capital and KKR each bid more than $5 billion for the non-core assets

of 711's parent company 7 & I Holdings.

KKR offered around 800 billion yen or $5.1 billion, while Bain offered around

$1.2 trillion or $7.6 billion in first round bids. This is according to a Reuters report on Wednesday,

which cited people familiar with the matter. Local buyout shop Japan industrial partners

offered around 750 billion yen.

All three PE firms were successful in the first round bids according to the report.

Seven and I wants to choose the winning offer as early as February and the decision would be finalized by spring.

The auction of the non-core assets comes as Seven and I works to fend

off an increase $47 billion takeover offer from the parent company of Circle K from October.

The founding family also approached Bain and KKR about mezzanine funding for a takeover,

according to the Reuters report. Japan Airlines faced a significant

cyber attack today, December 26, which disrupted operations during the busy year-end holiday

travel time. The airline reported that over 24 domestic flights were delayed by more than 30 minutes

and said that the impact could expand later

in the day. The airline said in a statement that flight safety has not been affected and they've

identified the scope of the impact and are currently checking the status of the system recovery,

adding that the airline has been experiencing malfunctions in systems communicating

with external systems.

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