-+ 0.00%
-+ 0.00%
-+ 0.00%

Market Chatter: EQT Said to Outbid LY-Bain in Race for Japan's Kakaku.com

MT Newswires·07/16/2026 05:20:58
Listen to the news
05:20 AM EDT, 07/16/2026 (MT Newswires) -- EQT (EQT.ST) sweetened its takeover offer for Japanese classified and marketplace platform Kakaku.com, outbidding technology group LY Corp. and US investment firm Bain Capital, Bloomberg News reported Thursday, citing people familiar with the matter. The Swedish private equity group reportedly increased its bid to between 3,440 yen per share and 3,460 yen per share, after proposing to privatize the target for 3,000 yen per share in May. At the same time, EQT will prolong its tender offer period to the end of July from July 22. LY and Bain last raised their offer for the Tokyo-listed company to 3,384 yen per share on July 1. EQT did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)