TOKYO: Fuji Television Network Inc has gained more than a third of the equity in Nippon Broadcasting System Inc (NBS) after its tender offer, putting it ahead for now in an increasingly bitter takeover battle for the radio broadcaster.
The stake gives Fuji TV the right to veto board decisions at NBS, a company valued at US$2bil that is at the centre of the tussle between Fuji TV and Internet firm Livedoor Co, led by combative president Takafumi Horie.
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