A week in tech

A round up of all the latest tech news.

Japan

Internet

- Rakuten became Tokyo Broadcasting System's top shareholder when it acquired more than 10 percent of the broadcaster's outstanding issues via off-market transactions. Under the Securities and Exchange Law, a buyer is required to conduct a tender offer if it wants to acquire more than one-third of shares in off-market transactions. Rakuten, however, bought just 15 percent of TBS shares, which exempts it from the tender offer requirement. The country's Broadcast Law allows TBS to refuse stock ownership transfers to foreigners once the collective stake held by overseas shareholders goes beyond a certain level. In reality, foreign investors have kept their shares by keeping the...

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