Microsoft and 12 others invest in Japanese TV
Microsoft and Japanese phone company NTT are joining 11 other companies in taking a stake in Japan's first 24-hour-English language broadcasting service.
The new TV channel will be majority-owned by Japan Broadcasting or NHK, which will issue new shares through private placements with the 13 investors to launch the new TV service. NHK will own a 60 percent in the new TV service and the 13 investors will have stakes of less than 5 percent each. News of the new channel, which is the first of its kind in Japan, was first reported by the Japanese financial newspaper Nikkei … Read more