Tokyo, July 2 (Jiji Press)–Japanese technology giant LY Corp., which operates messaging app Line, has said it officially proposed acquiring Kakaku.com Inc., the operator of the Tabelog website featuring user-generated restaurant reviews. Under the legally binding offer, LY, whose operations also include internet portal Yahoo! Japan, will launch a tender offer for Kakaku.com, jointly with U.S. investment fund Bain Capital, according to an announcement dated Wednesday. The move is expected to spark a bidding war with Swedish investment fund EQT AB, which had opened a tender offer for Kakaku.com. In a statement issued Thursday, Kakaku.com said that it will “carefully evaluate which transaction would better contribute” to an improvement in the company’s value. Against EQT’s tender offer price of 3,000 yen per share, LY sets its price at 3,384 yen, which will be lifted to 3,500 yen if some conditions are met. In May, LY made a nonbinding proposal to buy all Kakaku.com shares at 3,232 yen apiece to take it private. END [Copyright The Jiji Press, Ltd.]
Japan Tech Giant LY Formally Offers Tabelog Operator Buyout
Related Posts
6 Japanese Automakers’ U.S. Sales Almost Flat in Jan.-June ’26
New York, July 1 (Jiji Press)–The combined number of new vehicles sold by six Japanese automakers in the United States was almost unchanged from a year before in the January-June period of 2026, industry data showed Wednesday. The total edged down 0.03
Japan Police to Crack Down on Fraud-Linked Social Media Posts
Tokyo, July 2 (Jiji Press)–Japan’s National Police Agency said Thursday that it plans to add social media posts facilitating romance scams, other fraud and so-called dark part-time jobs to the category of illegal information. Such posts will be subject to deletion requests
