LY Corp teams up with Bain Capital to propose a $4B acquisition of Kakaku.com, which runs the restaurant review and booking platform Tabelog, countering EQT's $3.75B bid (Nikkei Asia)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Techmeme
Acquisition Announcement: LY Corporation has launched a counterbid to acquire Kakaku.com, a restaurant review and booking site, for $4 billion.
Market Competition: This move challenges EQT's existing bid of $3.75 billion for the same company, indicating a competitive landscape in the online restaurant review sector.
Operational Background: Kakaku.com operates as a significant player in Japan's restaurant review and booking market, highlighting its value in the industry.
Recent Developments: Yahoo Japan, the operator of the Line messaging app and web portal, announced the launch of its counterbid on Thursday, intensifying the bidding war for Kakaku.com.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
