Swedish private equity firm EQT plans to acquire Japan’s Kakaku.com, the operator of the Tabelog restaurant review and booking site, in a deal worth about 590 billion yen, or about $3.7 billion. [1, 2]

EQT has launched a bid to take Kakaku.com private, according to the reports. [2] Kakaku.com also runs Japan’s product and price comparison website. [2]

Tabelog is used by many restaurants in Japan to manage bookings and display photos, menu details and payment methods. Nikkei said the platform handles more than 100 million bookings a year. [2, 1] The site is available in Japanese, English and Korean, as well as simplified and traditional Chinese. [2]

The offer price is ¥3,000 per share, and Kakaku.com’s stock opened at ¥3,300 after the news, Japan Times reported. [2] Nikkei reported on Tuesday that EQT was set to acquire Kakaku.com, and Japan Times published details of the planned deal today, May 13, 2026. [1, 2]