Usen Corp. President Yasuhide Uno said Thursday he will personally purchase Fuji Television Network Inc.'s entire 12.75 percent stake in Livedoor Co. for 9.5 billion yen.
Usen, Japan's biggest cable broadcaster, and Internet and financial services firm Livedoor also announced a tieup in the Internet portal business.
"The (pairing of) the contents of (our free online video distribution service) GyaO and Livedoor's ability to attract customers will increase the value of (both companies) as media," Uno told a news conference in the evening.