EQT Extends Kakaku.com Bid with Minimal Increase

Swedish investment firm EQT AB has extended its takeover offer for Japanese internet services company Kakaku.com Inc. with almost no increase in the bid price, prolonging the bidding war for the company. EQT raised its offer by just 10 yen per share to 1,210 yen and extended the deadline to April 24. This minimal increase is seen as a competitive response to the higher bid previously made by U.S.-based investment firm KKR, Kakaku's main rival. Kakaku.com is known as one of Japan's leading price comparison and review platforms, providing consumers with information across various sectors such as dining, travel, and retail. EQT's move demonstrates confidence in the company's value and aims to surpass KKR's earlier offer of 1,200 yen per share. Analysts note that EQT's minimal increase is part of a strategy to maintain cost discipline and create value for shareholders. However, this could prolong the tender process and increase uncertainty. Kakaku's board had previously expressed support for KKR's offer, adding to the challenge facing EQT. This is not investment advice.