Livedoor's Takeover Plans
Last Thursday, Takafumi Horie, billed as the guy who “has Japan talking,” was guest lunch speaker at the Foreign Correspondent’s Club (FCCJ) in Tokyo. There has been a lot of coverage lately of his company’s plans to acquire Nippon Broadcasting System, Inc. (Nippon Hoso), a long-established, old-line Japanese media company. WWJ is fast forming the opinion that, whatever the outcome of Livedoor’s takeover bid, the company may not have much of a mobile strategy — a fatal flaw, in our opinion.
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