Looks like the beginning of the end for Livedoor. With Fuji TV glad to see the once-famous and heralded Internet darling on the ropes gasping for air, the television and radio conglomerate is seeking a business divorce. That was quick. It couldn't have been more than 6 or more months ago when Fuji TV and Livedoor kissed and became partners. Sheesh. Love between strange bedfellows sure is short.
If more and more of Livedoor's business partners begin lifting the axe, it might be time to buy Livedoor shares. I mean the stock cannot stay near rock-bottom too long. Or can it?
With some $4 billion chopped off its market cap, it could be time for some bigger internet or media giant to buy up what's left of the Livedoor carcass for dirt cheap. How cheap? Well, how about 15 cents on the dollar. That's how cheap.
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