Finance 3h ago 1 min read
LY Corp and Bain Capital sweetened their bid for Japanese price-comparison and restaurant-review platform Kakaku (2371.T) to ¥3,232 per share, valuing the company at approximately $4 billion and topping EQT's competing offer of ¥3,000 by 7.7%. Kakaku shares rose to ¥3,450 on the news. LY cited AI's rise as making Kakaku's data and platforms of extremely high strategic value. EQT's tender, backed by major shareholders Digital Garage and KDDI (38.1% combined), remains live.