LINE Yahoo raises Kakaku.com tender offer price to 3,720 yen

M&A · PartnershipCorporate Action
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Summary · why it matters

LINE Yahoo announced on the 16th that it will raise the price of its proposed tender offer for Kakaku.com from 3,640 yen per share to 3,720 yen. This is the purchase price if it secures the cooperation of KDDI, Kakaku.com's major shareholder; if that cooperation is not obtained, the price has been raised from 3,520 yen per share to 3,597 yen. Regarding Kakaku.com, the European investment firm EQT is already conducting a tender offer, and on the 10th EQT extended its tender offer period to September 29 and raised its purchase price from 3,571 yen per share to 3,680 yen.

Impact on stocks 3

Communication Services · 2 stocks
Kakaku.com, Inc.
2371
▲ PositiveCapitalrelevance

Kakaku.com is the target of competing tender offers, with LINE Yahoo raising its bid to 3,720 yen and EQT to 3,680 yen.

LY Corporation
4689
± MixedCapitalrelevance

LINE Yahoo raises its tender offer price for Kakaku.com, a capital/M&A move whose benefit to LY itself is unclear.

Artificial Intelligence · 1 stocks
KDDI Corporation
9433
± MixedCapitalrelevance

KDDI is Kakaku.com's major shareholder whose cooperation determines which tender offer price applies.