Rakuten Inc. and Tokyo Broadcasting System Inc. are on course to accept a compromise plan that would have the Internet shopping-mall operator drop its integration proposal and enter into fresh tieup talks with the broadcaster, financial sources said Tuesday.
Mizuho Corporate Bank, which has business links with both Rakuten and TBS, made the proposal to settle the row between the two firms amicably, calling on Rakuten to place about half of its TBS shareholdings in a trust, the sources said.
A senior Rakuten official confirmed the firm has received a copy of the plan, saying it is one of several compromises proposed by a number of financial institutions.
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