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Thursday, January 19, 2006

Livedoor:Japanese Securities Official Dead

An executive of a Japanese securities firm involved in takeover deals by the high-profile Internet startup Livedoor has been found dead, police say.
The executive, Hideaki Noguchi, 38, was found dead on the southern island of Okinawa, according to Kyodo news agency, quoting police. Authorities said tests would be needed to confirm the cause of death.
Kyodo, quoting police in the Okinawa capital Naha, said that Noguchi apparently slit his wrist at a Naha hotel on Wednesday. He was taken to hospital but died there.

Livedoor, which is headed by high-profile entrepreneur Takafumi Horie, on Thursday released the results so far of its own internal investigation of the Money Life deal. It defended its decisions and fund-raising steps, including the use of a share swap deal rather than a cash purchase.

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