Swedish investment firm EQT said on Tuesday it would launch a tender offer to take Japanese classifieds and marketplace platform Kakaku.com private, valuing the company at 593.51 billion yen ($3.76 billion).
The tender offer values Kakaku.com at 3,000 yen per share, EQT said in a statement, representing a 2.6% premium to its Tuesday’s closing price.
The platform operates a portfolio of digital platforms in Japan, including price comparison site Kakaku.com, restaurant review and reservation platform Tabelog and job search service Kyujin Box.
The Japanese company’s board and a special committee unanimously backed the offer and recommended shareholders tender their shares, EQT said.
Reuters
