You will be redirected back to your article in seconds

U.S. takes stake in Livedoor

Bauposts grabs 6.72% stake

TOKYO — According to Japanese press reports, The Baupost Group LLC, a Massachusetts-based investment firm, has taken a 6.72% stake in embattled Internet startup Livedoor.

Baupost reportedly bought 70.56 million Livedoor shares from Feb. 16 to March 14, spending $45.5 million. This makes Baupost the company’s fourth largest shareholder. The firm has not yet revealed its plans for Livedoor, a once mighty Internet services group brought low by allegations that its top executives manipulated financial information to boost its stock price.

Last week Usen Corp. prexy Yasuhide Uno personally bought Fuji Television Network’s 12.75% Livedoor stake for $81.9 million, making him the troubled firm’s second-largest shareholder. The largest is former Livedoor prexy Takafumi Horie, currently under indictment for securities law violations.

Livedoor shares are skedded to be delisted from the Tokyo Stock Exchange’s Mothers market for startups on April 14.

More Scene

  • HBO Presents-Night of Too Many Stars

    Jon Stewart, Other A-List Comics Skip Over Louis C.K. at 'Night of Too Many Stars'

    TOKYO — According to Japanese press reports, The Baupost Group LLC, a Massachusetts-based investment firm, has taken a 6.72% stake in embattled Internet startup Livedoor. Baupost reportedly bought 70.56 million Livedoor shares from Feb. 16 to March 14, spending $45.5 million. This makes Baupost the company’s fourth largest shareholder. The firm has not yet revealed […]

  • Variety Hitmakers Brunch

    Kendrick Lamar, DJ Khaled, Hailee Steinfeld Honored at Inaugural Variety Hitmakers Event

    TOKYO — According to Japanese press reports, The Baupost Group LLC, a Massachusetts-based investment firm, has taken a 6.72% stake in embattled Internet startup Livedoor. Baupost reportedly bought 70.56 million Livedoor shares from Feb. 16 to March 14, spending $45.5 million. This makes Baupost the company’s fourth largest shareholder. The firm has not yet revealed […]

  • The 'Runaways' Praise Series' Diversity at

    'Marvel's Runaways' Stars Praise Series' Diversity at Hulu Premiere

    TOKYO — According to Japanese press reports, The Baupost Group LLC, a Massachusetts-based investment firm, has taken a 6.72% stake in embattled Internet startup Livedoor. Baupost reportedly bought 70.56 million Livedoor shares from Feb. 16 to March 14, spending $45.5 million. This makes Baupost the company’s fourth largest shareholder. The firm has not yet revealed […]

  • 'Molly's Game' film premiere, Arrivals, AFI

    Jessica Chastain Praises Bravery of Sexual Assault Victims at 'Molly's Game' Premiere, AFI Fest Tribute to Aaron Sorkin

    TOKYO — According to Japanese press reports, The Baupost Group LLC, a Massachusetts-based investment firm, has taken a 6.72% stake in embattled Internet startup Livedoor. Baupost reportedly bought 70.56 million Livedoor shares from Feb. 16 to March 14, spending $45.5 million. This makes Baupost the company’s fourth largest shareholder. The firm has not yet revealed […]

  • 'The Shape of Water' film premiere

    Guillermo del Toro Calls 'The Shape of Water' a New Type of 'Beauty and the Beast'

    TOKYO — According to Japanese press reports, The Baupost Group LLC, a Massachusetts-based investment firm, has taken a 6.72% stake in embattled Internet startup Livedoor. Baupost reportedly bought 70.56 million Livedoor shares from Feb. 16 to March 14, spending $45.5 million. This makes Baupost the company’s fourth largest shareholder. The firm has not yet revealed […]

  • Girls Inc. hosts the 2017 LA

    Warner Bros. TV Exec Calls for End to Sexual Harassment: 'Enough Is Enough'

    TOKYO — According to Japanese press reports, The Baupost Group LLC, a Massachusetts-based investment firm, has taken a 6.72% stake in embattled Internet startup Livedoor. Baupost reportedly bought 70.56 million Livedoor shares from Feb. 16 to March 14, spending $45.5 million. This makes Baupost the company’s fourth largest shareholder. The firm has not yet revealed […]

More From Our Brands

Access exclusive content