Kakaku.com Shares Jump After EQT Makes $3.8 Bln Take-Private Bid

Dow Jones05-13
 

By Kosaku Narioka

 

Kakaku.com shares rose sharply after Swedish investment company EQT said it plans to take the Japanese internet company private in a deal valuing it at about $3.8 billion.

Shares were recently 17% higher at their daily limit of 3,425 yen in Tokyo on Wednesday.

EQT said late Tuesday that its entity will launch a tender offer to acquire Kakaku.com at Y3,000 a share. That values the company at about Y593 billion, equivalent to $3.76 billion, given about 197.8 million shares outstanding as of the end of March.

Kakaku.com operates a group of online platforms, including a price-comparison site, a restaurant-review site and a job-search site.

The Japanese company's board expressed support for the tender offer and recommended that shareholders tender their shares.

The Swedish company also said two large Japanese shareholders, information-technology services provider Digital Garage and cellphone carrier KDDI, had agreed to sell their stakes through a share buyback by Kakaku.com following the tender offer. Digital Garage is expected to reinvest and hold a stake of about 20%, it said.

Kakaku.com also said it received a nonbinding proposal on May 7 from Bain Capital and Japanese internet company LY Corp. to take the company private through a tender offer at Y3,000 a share.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

(END) Dow Jones Newswires

May 12, 2026 23:42 ET (03:42 GMT)

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