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CNN.com - Livedoor CEO steps down as president - Jan 24, 2006 |
 | | Livedoor, whose stock was put on special watch list on the Tokyo exchange, has lost about 64 percent, or $4 billion, in market value since authorities raided its headquarters. |
 | | Livedoor's shares were flooded with sell orders on Monday and ended down by their daily 80-yen limit at 256 yen, a level that KBC Securities has calculated as a worst-case scenario break-up value if the group had to be sold off. |
 | | Livedoor is believed to have issued new shares to "acquire" companies that were already under the group's control and then sold them in the market for a profit, media reports have said. |
| edition.cnn.com /2006/BUSINESS/01/24/livedoor (786 words) |