LY Corp. Submits Capital Policy Proposal On Kakaku.com

MT Newswires Live
May 14

LY Corp. (TYO:4689) submitted a capital policy proposal regarding Kakaku.com (TYO:2371), jointly with a Bain Capital-advised investment fund, including a possible full acquisition via a cash tender offer, according to a Thursday filing on the Tokyo Stock Exchange.

The proposal outlines a possible cash tender offer for all Kakaku.com shares and stock acquisition rights, followed by a squeeze-out process, with a revised indicative price of 3,232 yen per share in the latest version.

LY Corp. said Kakaku.com holds strategic value due to its data assets and user traffic, and that integration could support new revenue models and AI-related opportunities.

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