RNS Number:8259Z Crosby Capital Partners Inc 15 March 2006 Crosby Capital Partners Inc. ("Crosby" or the "Company")
Expression of Interest for Potential Acquisition of Stake in Livedoor
Crosby notes current media coverage by Bloomberg and confirms that the Companyhas sent an expression of interest to buy the 12.7 percent stake in Livedoor Co.held by Fuji Television Network Inc to
Livedoor Company Limited is a Japanese internet company currently listed on the Mothers market section of the Tokyo Stock Exchange, whose founder Takafumi Horie has been charged with fraud.
Livedoor is scheduled to be de-listed from 14 April 2006.
Further announcements will be made as and when considered appropriate and necessary regarding the potential acquisition of the stake in Livedoor.
Crosby has only made an expression of interest at this stage and therefore the potential acquisition may or may not proceed.
Crosby continues to examine a number of investment and acquisition opportunities which it believes will add value to shareholders.
"The stake in Livedoor represents an attractive potential acquisition opportunity for Crosby which is in line with the Firm's business strategy and Crosby's continued commitment to Japan.
At this point Crosby has only submitted a strong expression of interest to Fuji Television, and, once we have completed our
result in a transaction.
We will inform the market promptly if events move on in any substantial manner."
For further information please contact: Simon Fry, on +44 (0)20 7590 2800 or Cara Kiewel on +44 (0)20 7590 2808 This information is provided by RNS The company news service from the London Stock Exchange END
Regulatory Announcement Go to market news section Company Crosby Capital Partners Inc TIDM CSB Headline Stmt re Potential Acquisition Released 10:12 15-Mar-06 Number 8259Z