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Behavioral Finance& Decision MakingFall 201[x]Case [name of the case / a short name of yourbusiness application project][Write team members’ names in alphabetical order here, each on a separaterow]1. InstructionsNBS was a core member of one of Japan’s biggest media conglomerates, the FujisankeiCommunications. It held 22.5% shares of Fuji TV and was the largest shareholders of thetelevision company. Livedoor saw an opportunity to take advantage of the complicated crossownership between NBS and Fuji TV and bought 35% shares of NBS. Its aim was to use itsstake in NBS to establish business, form alliance between an Internet company and a largemedia company.In addition, Livedoor’s CEO expressed the intention to continue buying NBS shares untilLivedoor’s stake reached 51%. If Livedoor could successfully acquire control of NBS it