According to the report, Sony and Fuji TV plan to develop interactive television services and technologies for the Internet and digital television broadcasting. These services are scheduled to be unveiled in 2003.
If an agreement is not reached between Sony and Nippon Cultural Broadcasting, which owns 34.1 percent of Fuji TV, Sony may buy shares from other parties, said the report, without revealing the identities of the other parties.
The two companies aim to reach a final agreement by the end of May. The purchase of a 13.9 percent stake will place Sony as the second largest shareholder after Nippon Broadcasting System.
Sony possesses technology and software assets while Fuji TV produces TV programs and holds a nationwide TV network in Japan.