EQT Explores Potential Takeover of Japan Kakaku
Swedish investment group EQT is in early stages of exploring a buyout of Kakaku.com. Shares in the Japanese website operator rose 24 percent following the news.
The Swedish private capital firm EQT AB is reportedly exploring a potential takeover of the Japanese price comparison website operator KAKAKU.COM INC. According to sources familiar with the matter, the discussions are currently in the preliminary stages, and there is no guarantee that a formal tender offer will be launched. Both Sweden and Japan have become focal points for such high-stakes private equity activity as global firms seek to capitalize on market valuations.
In response to the reports, the Tokyo-based company issued a statement clarifying that the news was not based on any official announcements.
