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Liberty Media seeks stake in Japan telecom

Rocky Liberty seeks stake in Japan telecom
John Malone’s Liberty Media International Inc. agreed today to a transaction that will give it control of Jupiter Telecommunications Co., Japan’s largest cable- television company, if Jupiter sells shares to the public.
Liberty said in a statement that it will contribute all of its Jupiter holdings, a 45 percent stake, to a holding company and Sumitomo Corp. will contribute its 20 percent stake. Within a year after that transaction is complete, Sumitomo will contribute its remaining 12 percent stake to the holding company


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