KKR launches $1.2 billion offer for Australian accounting software firm MYOB

SYDNEY (Reuters) - KKR & Co (KKR.N) has launched a A$1.75 billion ($1.24 billion) takeover offer for MYOB Group (MYO.AX) after buying almost a fifth of the Australian accounting software provider, as the U.S. private equity firm grows its portfolio of tech businesses.