Fuji Media To Acquire Sankei Building

Fuji Media Holdings Inc., a listed broadcasting holding company, announced that its wholly owned subsidiary Fuji Media Service Inc., will acquire The Sankei Building Co., Ltd., a mid-size real estate developer, through a tender offer. The TOB price is set at 740 yen, a 139% premium over a 3-month average. The deal size is at most 32.83 billion yen. Fuji Media Service is the largest shareholder of Sankei Building (29.85%).