TOKYO: A rare Japanese takeover battle escalated yesterday after Internet services firm Livedoor Co Ltd pledged to go to court in its fight with Fuji Television Network Inc, the country's top TV broadcaster in terms of revenues.
Livedoor, led by combative 32-year-old president Takafumi Horie, said it would ask a court this week to block a move by Fuji TV’s top shareholder, radio broadcaster Nippon Broadcasting System Inc (NBS), to ward off a takeover bid by Livedoor by becoming a Fuji TV subsidiary.