A PYMNTS Company

Japan: Minority shareholder victory as bid raised to buy cable TV leader

By  |  February 27, 2013

The bidding to take over Japan’s largest cable television operator has been raised by 12 percent, according to reports. Mobile carrier KDDI Corp. and trading house Sumitomo Corp. have increased their offer to $1,338 a share in their quest to jointly own 71 percent of Jupiter. According to one analyst, the bid increase is a rare win for minority shareholders in a nation where bid increases as a result of investor pressure is relatively unusual. Reports say the deal announcement was delayed due to a lag in approval by Chinese antitrust regulators.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.