April 19, 2005

New Economy 1, Old Economy 0

As you may have heard, the Fuji TV-Livedoor hostile-takeover business drama has reached its conclusion, with Horie losing the battle but winning the war. Fuji gets Nippon Broadcasting back, but Livedoor walks away with:

A) Fuji investment of $409 million into the company
B) An alliance with Fuji TV to provide its contents on the internet (his original goal)
C)Around $100-$200 milllion in cash since Fuji has to buy back the Nippon Broadcasting stock
D) A month of free advertising from the tabloids
E) The esteem of the entire youth community, who give Horie "props" for "fighting the man."
Posted by marxy at April 19, 2005 1:09 AM
Comments

what was the ammount of the livedoor bond issue again? $80M? If so this is a very sweet victory indeed

Posted by: Chris_B at April 19, 2005 1:22 AM