TOKYO: Livedoor Co, Japan's fastest growing Internet company, raised its stake in Nippon Broadcasting System Inc to 35%, challenging a US$1.7bil bid for the radio company by Fuji Television Network Inc.
Tokyo-based Livedoor said yesterday it bought 11.5 million shares, without providing a price. Fuji TV is the flagship of a group of 79 companies, including Nippon Broadcasting, that have interests in print and broadcast media, cinema and music.
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