EQT’s $3.8 Billion Tabelog Deal Puts Kakaku.com on Track to Leave Tokyo Market
EQT will launch a 3,000 yen-a-share tender offer to take Kakaku.com private, valuing the company at about 593.5 billion yen. Kakaku.com’s board and special committee back the bid, which comes amid competing proposals from LINE Yahoo and Bain. The offer runs May 13 to July 2. Major shareholders Digital Garage and KDDI will not tender but plan to sell via a buyback.