NTT DoCoMo has announced that it has acquired about 3 percent of Nippon Television Network (NTV) for $112 million. DoCoMo has been working with NTV since February 2006 on converged mobile broadcasting services. The success of the mobile TV service launch in April 2006 and the rising sales of compatible handsets has reportedly brought the companies closer together. The move is not a peculiar one for the mobile carrier: DoCoMo bought a 2.6 percent stake in another Japanese television company last year, Fuji Television Network and it also acquired a $100 million stake in Tower Records Japan in 2005.
For more on DoCoMo's latest content company acquisition:
- check out this press release