SoftBank's LY, Bain raise Kakaku bid again, widen lead over rival EQT offer

SoftBank’s LY Corp and Bain Capital raised their bid for Kakaku.com to 670 billion yen ($4.12 billion), increasing valuation and widening their lead versus rival offer from EQT. The higher bid strengthens the likelihood of a deal and could drive renewed attention to Kakaku.com as acquisition terms move in the acquirers’ favor.

Analysis

SoftBank’s LY Corp and Bain Capital raised their bid for Kakaku.com to 670 billion yen ($4.12 billion), increasing valuation and widening their lead versus rival offer from EQT. The higher bid strengthens the likelihood of a deal and could drive renewed attention to Kakaku.com as acquisition terms move in the acquirers’ favor.