In February 2005, the top management of Fuji Television Network, Inc, a leading media conglomerates in Japan, reported that small IT-related company, Livedoor Co, bought a 35% stake in Nippon Broadcasting System, Inc (NBS) with Lehman Brothers , the U.S. financial services. Fuji TV owned 12.39% shares of NBS and is in the process of acquisition. What a difficult issue was the fact that the main asset of the NBS "was his 22.5% stake in Fuji TV. News came as a shock, because Livedoor acquired NBS shares through off-exchange trading on the Tokyo Stock Exchange - illegal securities if made to a proposal to absorption. Fuji TV's top management had to take effective measures against the move Livedoor's. Such measures associated with legal advisors and planning department, who has studied what legal and effective action Fuji TV can take between Livedoor and corporate values are calculated using both the U.S. NBS and Japanese methods. "Hide
by Mitsuru Misawa Source: University of Hong Kong, 30 pages. Publication Date: May 10, 2006. Prod. #: HKU577-PDF-ENG