Japan's Rakuten Faces Opposition to TV Stock Increase

07 June 2007

TOKYO: Japan's leading online shopping portal, Rakuten, is facing the wrath of broadcasters over plans to increase its 19.86% stake in television network Tokyo Broadcasting System.

The two firms were involved in a bitter takeover battle 18 months ago [WARC News: 05-Dec-05] which resulted in the present tense relationship.

TBS affiliates have roundly snubbed Rakuten's ambitions, claiming "the network of affiliates would collapse or be undermined".

Data sourced from The Asahi Shimbun (Japan); additional content by WARC staff