Fuji Media Announces $1.5 Billion Buyback, Activists May Exit

Fuji Media Holdings Inc. said it will buy back up to ¥235 billion ($1.5 billion) of its shares and that activist investors will participate, marking a possible end to a...

By Mayumi Negishi, Go Onomitsu · Bloomberg Markets

Fuji Media Holdings Inc. said it will buy back up to ¥235 billion ($1.5 billion) of its shares and that activist investors will participate, marking a possible end to a months-long standoff between management and stockholders.