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Fuji Television Network Inc., Japan’s biggest broadcaster, said it’s in talks to sell a stake to NTT DoCoMo Inc. Tokyo-based Fuji confirmed the negotiations in a statement to the Tokyo Stock Exchange, following a Nihon Keizai newspaper report saying DoCoMo is in talks to buy a 3 percent stake in the broadcaster for about 20 billion yen ($171 million). Fuji Television may sell treasury stock to DoCoMo, the newspaper reported, without saying who provided the information.
Tokyo-based Fuji earlier this year faced a hostile takeover bid from Japanese Internet company Livedoor Co., which tried to buy its radio affiliate Nippon Broadcasting System Inc. in February. Fuji Television in April paid Livedoor about 147.4 billion yen to end a two-month battle. DoCoMo, the world’s second-largest wireless operator, hasn’t decided to buy the stake, spokesman Masanori Goto said, without elaborating. Continue
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!