KDDI, Sumitomo lob joint $2.7 billion bid at Japanese cable firm
News On Japan via law360.com -- Oct 25
Japanese companies KDDI Corp. and Sumitomo Corp. on Wednesday outlined a 216 billion yen ($2.7 billion) offer for the slice of Jupiter Telecommunications Co. Ltd. that they do not already own, the latest in a string of deals for Japan's telecommunications industry.
Under the terms of the transaction, the buyers would pay 110,000 yen for each remaining share in Jupiter, Japan's biggest cable provider, representing a 33 percent premium over the company's Friday close.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)