Exclusive: Yahoo closes in on Yahoo Japan deal



A deal to transfer Yahoo's 35 percent stake in Yahoo Japan to telecommunications company and investor SoftBank could come within a few weeks, people with knowledge of the discussions said. The public value of the stake is just under $7.5 billion.
A deal has not yet been reached and could yet fall apart, these people said.
If and when a deal is reached, Yahoo is likely to turn its attention to the China market, where it owns an estimated 40 percent stake in one of China's most prominent Internet companies Alibaba Group, the parent company of listed Alibaba.com, these people said.
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2 March 2011 in Science &Technology, Views: 6
Source: Reuters
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