Japan
Internet
Internet business developer Livedoor intends to acquire all outstanding shares in BestReserve, a net-based travel agency. The acquisition is said to be through a stock swap. Livedoor will issue about 3.1 million new shares, valued at 1.1 billion yen $10.7 million, and exchange them for those held in BestReserve by Jafco, the largest shareholder in the travel firm, and others. BestReserve operates a website that allows users to make online reservations at more than 3,000 hotels nationwide. The company posted a pretax profit of 39 million yen $380,000 for the year through March 204, on sales of 207 million yen $2 million....