Japanese Cable Giant Buys Up Livedoor Shares

17 March 2006

   TOKYO - Japanese cable broadcaster Usen has reached agreement to buy all Livedoor shares held by Fuji Television Network.
   Internet firm Livedoor, whose directors have been charged by Tokyo prosecutors with misleading investors and inflating company earnings, is now the target of an agreed takeover by Usen.
   Fuji TV bought a 12.7% stake in Livedoor last year to end the company's attempt to gain control of radio broadcaster Nippon Broadcasting System [WAMN: 19-Apr-05].