EQT’s $3.8 Billion Tabelog Deal Puts Kakaku.com on Track to Leave Tokyo Market
EQT, the Swedish private equity group, said Tuesday it’s moving to take Kakaku.com private with a tender offer valuing the Japanese firm—behind the Tabelog restaurant guide and Kakaku.com’s popular shopping portal—at 593.51 billion yen, or roughly $3.76 billion. The bid comes in at 3,000 yen per share. This deal’s timing is key, dropping right into the middle of a jockeying match for Japanese internet businesses. LINE Yahoo and Bain Capital have reportedly put in a bid for Kakaku.com, Bloomberg reported via TBS, with LINE Yahoo eyeing possible synergies among Yahoo! Japan, Kakaku.com, and Tabelog.