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Bain, LY Prep Binding Offer for Kakaku in Bidding War Versus EQT

Bain, LY Prep Binding Offer for Kakaku in Bidding War Versus EQT
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Asia Bain, LY Prep Binding Offer for Kakaku in Bidding War Versus EQT Bain Capital and LY Corp. are poised to make a binding bid for Kakaku.com Inc., challenging a tender offer from EQT AB that values the price-comparison site operator at around ¥595 billion ($3.7 billion). The US private equity firm and SoftBank Corp. affiliate have been conducting due diligence and are likely to submit a formal bid for Tokyo-based Kakaku next week, according to people familiar with the matter.

Asia Bain, LY Prep Binding Offer for Kakaku in Bidding War Versus EQT Bain Capital and LY Corp. are poised to make a binding bid for Kakaku.com Inc., challenging a tender offer from EQT AB that values the price-comparison site operator at around ¥595 billion ($3.7 billion). The US private equity firm and SoftBank Corp. affiliate have been conducting due diligence and are likely to submit a formal bid for Tokyo-based Kakaku next week, according to people familiar with the matter. [Image text:] nt8.com .com
Bain (ORG) LY Prep Binding Offer for Kakaku in Bidding War Versus EQT (ORG) LY Prep Binding Offer for Kakaku in Bidding War Versus EQT Bain Capital (ORG) LY Corp. (ORG) Kakaku.com Inc. (ORG) EQT AB (ORG) US (LOCATION) SoftBank Corp. (ORG) Tokyo (LOCATION) Kakaku (LOCATION)
Originally published by Bloomberg Technology Read original →