Tuesday, May 24, 2005

Internet firms build empires across Japan

Miki Tanikawa writes in the International Herald Tribune:

Among Japanese e-commerce companies, Livedoor has received all the attention lately, with its rarer-than-rare hostile takeover bid for a local TV company last month.

But in reality, Livedoor is a minor player, overshadowed by the Internet conglomerates led by Yahoo and Softbank on one hand and Rakuten on the other. All three are trying to create e-commerce empires, expanding into financial services, travel agencies and even baseball.

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