Livedoor Co. President Takafumi Horie is bound and determined to secure a majority stake in Nippon Broadcasting System Inc. and beat Fuji Television Network Inc. in a high-profile acquisition battle over the radio broadcaster.
If Livedoor succeeds in acquiring Nippon Broadcasting's management right by securing a majority stake, it will then aim to take over Fuji TV by increasing the radio firm's capital through issuance of new shares to raise funds for acquiring the TV broadcaster, Horie said in an interview Monday.
"Whether we can secure the majority stake depends on a court decision on an injunction," the head of the fast-growing Internet service provider said, citing a lawsuit Livedoor has filed against a Nippon Broadcasting plan to issue share warrants to Fuji TV.