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Regulator looks at KDDI's bid for J:Com stake - report

Wednesday 3 February 2010 | 01:41 CET | News
Japan's financial services watchdog is investigating KDDI's USD 4 billion bid for a 38 percent stake in cabler Jupiter Telecommunications (J:Com) from Liberty Global. The regulator is investigating whether the deal would breach securities law, Bloomberg reports citing a government official familiar with the matter. KDDI said it has answered enquiries from the regulator but said no formal investigation is underway. KDDI plans to buy the stake by buying unlisted Liberty units that own the stock, circumventing a rule that requires bidders for more than 33 percent of a company to make a general

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Categories: Fixed
Companies: J:Com / Jupiter Telecommunications / KDDI / Liberty Global
Countries: Japan
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