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| | FT.com / Companies / Media & internet - Rakuten states case for TBS merger (Site not responding. Last check: ) |
 | | Last month Rakuten, operator of Japan’s largest internet shopping mall, quietly emerged as the largest shareholder in TBS, Japan’s third-largest TV group, with a 19 per cent stake and a proposal to merge with the broadcaster. |
 | | In Rakuten’s case, Hiroshi Mikitani, chief executive, has outlined the strategic arguments for a merger between his company and TBS in a 115-page document. |
 | | TBS, which has said it would respond to Rakuten’s proposal by the end of this month, is widely expected to reject the merger proposal, potentially triggering a costly takeover bid by the internet company. |
| www.ft.com /cms/s/431173ea-56c0-11da-b98c-00000e25118c.html (860 words) |
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