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SoftBank and Bain Raise Bid for Kakaku | Business and Finance News
Description
SoftBank’s LY Corp and Bain Capital just upped their bid for Japan’s Kakaku.com to a whopping 670 billion yen—roughly $4.12 billion—putting them ahead of Sweden’s EQT. The new offer is 3,384 yen per share, up from 3,232 yen, and could climb to 3,500 yen if KDDI Corp joins in. Kakaku.com is staying neutral, still technically backing EQT’s 3,000 yen offer but no longer urging shareholders to follow suit. With talks ongoing and multiple players jockeying for position, this is a high-stakes corporate chess match that could reshape Kakaku.com’s future.
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