Tokyo Broadcasting System Holdings, Inc. completed the acquisition of remaining 48.85% stake in BS-TBS, Inc. from a group of sellers.
April 30, 2015 at 09:30 am IST
Share
Tokyo Broadcasting System Holdings, Inc. (TSE:9401) agreed to acquire remaining 48.85% stake in BS-TBS, Inc. from a group of sellers in stock for ¥17.7 billion on December 4, 2014. The sellers include NEC Corporation (TSE:6701), Panasonic Corporation (TSE:6752), Dentsu Inc. (TSE:4324), Mainichi Broadcasting System, Inc., Hokkaido Broadcasting Co.,Ltd., Toshiba Corporation (TSE:6502), Nippon Telegraph and Telephone Corporation (TSE:9432), Chubu-Nippon Broadcasting Co., Ltd. (NSE:9402) and RKB Mainichi Broadcasting Corporation (FKSE:9407). Tokyo Broadcasting System will issue 32 shares for each share of BS-TBS, Inc. 12.3 million shares will be exchanged in the transaction. BS-TBS had net assets of ¥13.3 billion, total assets of ¥14.6 billion, sales of ¥14.7 billion, operating profit of ¥2.2 billion and net profit of ¥1.8 billion for the year ending March 2014. The transaction requires the approval of the shareholders of BS-TBS and has been approved by the Board of Tokyo Broadcasting and BS-TBS on December 4, 2014. The transaction is expected to complete on April 1, 2015. TBSHD selected ASAHI business solution Co.,Ltd. and BS-TBS selected SMBC Nikko Securities Inc. to provide the share exchange ratio calculations.
Tokyo Broadcasting System Holdings, Inc. (TSE:9401) completed the acquisition of remaining 48.85% stake in BS-TBS, Inc. from a group of sellers in April, 2015.
RKB MAINICHI HOLDINGS CORPORATION is a Japan-based company mainly engaged in the broadcasting business, the system related business, the real estate business and other business. The Company operates through four business segments. The Broadcasting segment is engaged in the provision of time broadcasting and spot broadcasting services, the production of television (TV) and radio programs, as well as the sale of spot commercial messages (CMs). The System Related segment is engaged in the development, sale and maintenance of software, as well as the provision of cloud security services. The Real Estate segment is engaged in the leasing of real estate, as well as the operation of parking lots. The Others segment is engaged in the planning and production of events, the production of industrial movies and film bulletins, the provision of staff dispatching services, as well as the solar power generation business.
RKB MAINICHI HOLDINGS CORPORATION 
