About 55 percent of Tokyo Broadcasting System Inc.'s outstanding shares will likely fall into the hands of long-term shareholders, sources close to the television broadcaster claimed Thursday.
Quoting separate sources, Jiji Press reported that more than 60 percent of the broadcaster's outstanding shares could be acquired by friendly investors.
TBS has reportedly been trying to secure "stable" shareholders to ward off a potential hostile takeover by Rakuten Inc., the sources said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.