LY and Bain Raise Kakaku.com Bid to 4 Billion Dollars
SoftBank-backed LY Corp and Bain Capital have increased their all-cash offer for Kakaku.com to 3,232 yen per share. The new bid values the online marketplace at 4 billion dollars and surpasses a rival 3,000 yen per share offer from Swedish investment firm EQT.
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LY CORP and Bain Capital raised their bid for KAKAKU.COM INC to 3,232 yen per share, valuing the platform at $4 billion and above. The all-cash offer in Japan tops a 3,000 yen per share rival bid from EQT AB. SoftBank-backed LY Corp previously offered 3,000 yen per share one week earlier, signaling intensifying competition for the data infrastructure operator.
