TOKYO -- Livedoor, a maverick Japanese Internet service provider, has won a high court injunction preventing radio station Nippon Broadcasting System from selectively issuing ¥15.97 billion ($153 million) worth of equity warrants to Fuji TV. Livedoor and Fuji TV are locked in a bitter takeover battle for NBS, the result of which might ultimately mean the acquisition of Fuji TV by Livedoor because of the unusual cross-holding structure between Fuji TV and NBS (HR 3/9). Both Fuji and NBS are part of the larger Fuji Sankei media conglomerate. NBS chairman Akinobu Kamebuchi described the judgment as "very regrettable." In a separate statement, NBS said it will "continue to pursue the case through the legal system," suggesting an appeal of Friday's ruling.
- 3/11/2005
- The Hollywood Reporter - Movie News
TOKYO -- Livedoor, a maverick Japanese Internet service provider, has won a high court injunction preventing radio station Nippon Broadcasting System from selectively issuing ¥15.97 billion ($153 million) worth of equity warrants to Fuji TV. Livedoor and Fuji TV are locked in a bitter takeover battle for NBS, the result of which might ultimately mean the acquisition of Fuji TV by Livedoor because of the unusual cross-holding structure between Fuji TV and NBS (HR 3/9). Both Fuji and NBS are part of the larger Fuji Sankei media conglomerate. NBS chairman Akinobu Kamebuchi described the judgment as "very regrettable." In a separate statement, NBS said it will "continue to pursue the case through the legal system," suggesting an appeal of Friday's ruling.
- 3/11/2005
- The Hollywood Reporter - Movie News
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