• Compiled From Kyodo, Bloomberg

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Rakuten Inc.’s unwanted merger overture for Tokyo Broadcasting System Inc. suffered another setback Wednesday when the Tokyo High Court dismissed Rakuten’s provisional appeal for TBS to disclose its accounting records on stock trading.

In line with a lower court dismissal of Rakuten’s plea June 15, the high court said the country’s largest online mall operator has no reason to urgently seek access to TBS accounting records.

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