Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Best Denki Surges on Report of Yamada Stake Hike: Tokyo Mover

Best Denki Co. surged the most in nine years in Tokyo trading after the Nikkei reported that Yamada Denki Co. will spend more than 10 billion yen ($126 million) to boost its stake in the rival electronics retailer.

Best Denki rose as much as 19 percent to 183 yen, the biggest gain since April 2003. Yamada Denki gained as much as 2.7 percent to 3,665 yen.

Yamada will raise its stake in the smaller retailer to more than 50 percent from the current 7.5 percent, the Nikkei reported. Best in April reported a 44 percent drop in profit for the year ended Feb. 29 amid a decline in television sales.

The company will use the funds from Yamada to shut stores and will remain a publicly traded company, according to the report. Both companies, in statements to the Tokyo Stock Exchange, said they have nothing to disclose at this point.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.