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LY and Bain raise Kakaku bid to $4.1bn valuation

privateequitywire

3 hours ago

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SoftBank’s LY Corp and Bain Capital have raised their offer for Kakaku.com, valuing the Japanese online services group at JPY670bn ($4.1bn), according to a report by Reuters.
The revised legally binding offer values Kakaku.com at JPY3,384 per share, up from the JPY3,232 per share proposed in May. The latest bid widens the gap over a rival offer from EQT, which currently stands at JPY3,000 per share.
Following the new proposal, Kakaku.com said it would continue discussions with EQT over its offer...

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