International Herald Tribune
05-02-2006
The president of Usen, Yasuhide Uno, who personally owns 13 percent of Livedoor, said that his company might buy a stake in the Internet company, depending on results of an examination of Livedoor's finances and shareholder feedback. ''There is an opportunity to use Livedoor's portal business and its related services as a catalyst for our growth in the midterm,'' Uno said during an interview. Usen, which provides broadband Internet services and online broadcasting, may buy a stake in Livedoor to link the companies' services and offer products to corporate customers, Uno said this year. Livedoor was delisted from the Tokyo Stock Exchange in March after the company and five executives were charged for securities fraud.''Our interest isn't limited to Livedoor's securities unit, but to all its businesses,'' said Uno, who bought his stake in Livedoor for 9.5 billion, or $84 million, on April 13.
2006 Copyright International Herald Tribune. http://www.iht.com
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