Web Site Operator Buys Used Car Dealer Group

Livedoor to buy used car dealer JAC Holdings

TOKYO August 26, 2005; Japan Today reporte that Internet portal operator livedoor Co said Thursday it will acquire major used car dealer JAC Holdings Co for 15 billion yen in a bid to expand its e-commerce business.

Livedoor will buy about 7.6 million shares of JAC from Itochu Enex Co, a major shareholder of the used car dealer.