Fuji Television Network Inc. has proposed buying Livedoor Co.'s entire stake in Nippon Broadcasting System Inc. with a ceiling of 6,300 yen per share, Fujisankei Communications Group sources said Friday.
The offer is part of a roughly 140 billion yen funding program planned by Fuji TV to settle the acquisition battle for control of the radio broadcaster by the end of this month, they said.
The program includes Fuji TV's purchase of new shares to be issued by Livedoor through private placement.
But Livedoor reportedly considers a deal worth 160 billion yen to 180 billion yen necessary to end the dispute. The sources said 6,300 yen is roughly the average price at which Livedoor bought the shares, and Livedoor President Takafumi Horie is reportedly reluctant to sell them for a price lower than the purchasing price, saying he would be unable to explain the deal to his shareholders.