Japan - Sumitomo Corp. has concluded its tender offer for Jupiter Telecommunications Co., a move that is expected to make the trading house its largest shareholder. Sumitomo said it spent about ¥122.1 billion, or ¥139,500 per share, from March 3 to build its stake in Japan's leading cable television operator, which is also known as J:Com. Its stake is expected to rise to 40.5 percent from the current 27.7 percent. Sumitomo, currently the no. 2 shareholder in J:Com, carried out the tender offer … [Read more...] about Sumitomo concludes bid for J:Com shares