Home / Business and Economy / EQT Ups Bid for Japan's Kakaku.com Amid Fierce Takeover Battle
EQT Ups Bid for Japan's Kakaku.com Amid Fierce Takeover Battle
16 Jul
Summary
- EQT AB is increasing its tender offer price for Japan's Kakaku.com Inc.
- EQT raised its bid to between ¥3,440 and ¥3,460 per share.
- A bidding war is ongoing between EQT, LY Corp., and Bain Capital.
EQT AB, a Stockholm-based entity, has significantly increased its tender offer price for the Japanese online data firm Kakaku.com Inc. This action marks an escalation in the ongoing bidding war for the company.
EQT's revised offer ranges between approximately ¥3,440 and ¥3,460 per share, an increase from its initial ¥3,000 bid. The intensified competition places EQT in a bidding contest against a duo comprising LY Corp. and the investment firm Bain Capital.
The heightened bidding war underscores the strategic importance of Kakaku.com Inc. in the online data sector. The outcome of this contest will determine the future ownership of the influential Japanese firm.
