Rakuten proposes merger with TBS


TOKYO: Rakuten Inc, Japan's largest online shopping mall operator, has proposed merging its operations with Tokyo Broadcasting System (TBS) under a joint holding company. 

“By combining our operation, which is highly profitable and has strong growth opportunities with the operations of TBS we believe we can create a world-class media group,” Rakuten president Hiroshi Mikitani said at a press conference. 

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