LINE Yahoo and U.S. investment fund Bain Capital announced on the 16th that they have raised their tender offer price for Kakaku.com, which operates the restaurant review site Tabelog. The price was changed from the previous 3,520–3,640 yen per share to 3,597–3,720 yen. The increase comes in response to Swedish investment fund EQT, which is proceeding with a tender offer at 3,680 yen. In the battle for control of Kakaku.com, EQT announced its tender offer in May, and after LINE Yahoo formally proposed an acquisition on July 1, both camps have repeatedly raised their tender offer prices.
Kakaku.com, Inc.Kakaku.com is the target of a bidding war, with LINE Yahoo/Bain raising their tender offer to 3,597–3,720 yen versus EQT's 3,680 yen.
LY CorporationLINE Yahoo raised its tender offer price for Kakaku.com, advancing its acquisition bid.
