Livedoor wins takeover bid
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The Tokyo High Court on March 23 upheld a lower court ruling that backed Japanese upstart Internet company Livedoor's hostile takeover bid for a radio broadcaster - a step that could give Livedoor considerable influence over one of Japan's biggest media conglomerates.
The decision bans Nippon Broadcasting System from issuing massive amounts of new shares to block Livedoor's takeover.
Livedoor announced in February it had amassed a 35 percent stake in Nippon Broadcasting, stunning the nation and management at Fuji Television Network, in which Nippon Broadcasting is the top shareholder.
Tokyo-based Livedoor has since boosted its stake in Nippon Broadcasting, reportedly to more than 50 percent, although Livedoor will only confirm it has at least 45.5 percent and wants more.
Controlling Nippon Broadcasting is expected to give Livedoor influence over Fuji TV, part of a media conglomerate that includes a film studio, recording company, newspaper and other interests. (AP)
ライブドア、高裁でも勝利
インターネット関連会社のライブドアがニッポン放送に対して新株発行予約権を差し止めるよう求めた裁判で、東京高裁は3月23日、差し止めを命じた東京地裁の決定を支持した。
Shukan ST: April 1, 2005
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