Bain Capital said on Thursday it has agreed to sell its 50% stake in TV-shopping channel operator Jupiter Shop Channel JSC to Japan's largest cable TV company Jupiter Telecommunications.
The Boston-headquartered private equity firm expects the transaction to close in March after antitrust clearance.
JSC offers 24-hour live TV broadcasting. Bain Capital bought the 50% stake in infomercial firm in July 2012.
Together with Japanese trading...