Bain Capital and LY Corp have submitted a joint offer to acquire Tokyo-listed Kakaku.com Inc, setting up a competitive takeover process against a rival approach from EQT AB for the $3.7bn price comparison platform operator, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the US private equity firm and SoftBank-linked LY Corp, which operates Yahoo Japan, have proposed acquiring the company in full. The bid effectively escalates a bidd...
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