Property developer Mitsui Fudosan Co. said Tuesday its friendly tender offer for Tokyo Dome Corp. was successful, clinching the ¥102.23 billion ($980 million) purchase of the operator of a major indoor ballpark.
Mitsui Fudosan will acquire an 84.8% stake in Tokyo Dome, seeking to redevelop the popular leisure spot where the stadium operator also runs an amusement park and hotel. With a maximum capacity of 55,000, the stadium is the home ballpark of professional baseball team Yomiuri Giants.
After Mitsui Fudosan makes Tokyo Dome a wholly owned subsidiary, The Yomiuri Shimbun Holdings, the publisher of one of the country's leading newspapers, is scheduled to get a 20% stake in the operator.