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Reuters: Yahoo To Transfer Stake in Yahoo Japan To SoftBank


Reuters just reported that Yahoo may finally be really willing to transfer its stake (35%) in Yahoo Japan, the country’s biggest website, to SoftBank, Yahoo Japan’s other major shareholder.

SoftBank owns more than Yahoo itself (37.36%).

Rumors about a possible exit by Yahoo have been circulating for years. Just two weeks ago, TechCrunch wrote a piece on a possible deal coming closer and closer.

Here’s the Reuters article:
Exclusive: Yahoo closes in on Yahoo Japan deal

A SoftBank spokesman just said (at around 1pm Japanese time)his company has no intentions to buy Yahoo Japan shares.

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.