Fuji TV eyes buying Livedoor
January 25, 2006Fuji Television Network Inc. is considering acquiring Livedoor Co. after the Internet services firm announced its new management following the arrests of former executives, sources close to one of Japan's major TV broadcasters said Wednesday. The move might be seen as an attempt by Fuji TV to settle a score after being drawn into a business alliance with Livedoor, which some believe it was pressured into when the fast-growing Net firm obtained a leading stake in Nippon Broadcasting System Inc. in February last year in an attempt to exert some influence over Fuji TV.
Livedoor stock traded for 1st time since prosecutors' raid
January 25, 2006Livedoor Co. stock changed hands Wednesday for the first time in seven trading days in the Tokyo market since prosecutors' probe regarding the company's alleged securities law violations began. The stock closed at 137 yen, down 39 yen from Tuesday, with its turnover exceeding 420 million shares, or about 97 percent of the overall total for the Tokyo Stock Exchange's Mothers market hosting emerging companies' stocks.