In an effort to bankroll its broadband business, Softbank Corp. announced Monday it will offload around 17 percent of its group stake in Yahoo Japan Corp.
Meanwhile, Yahoo Japan, which is currently traded on the Jasdaq over-the-counter market, responded to media reports earlier in the day by stating that it has not yet decided whether to apply for a share listing on the first section of the Tokyo Stock Exchange.
But company officials did not rule out the possibility of this happening in the future.