SoftBank's Yahoo Japan-Line merger aims to take on U.S. and China online behemoths
Yahoo Japan operator Z Holdings Corp. and Line Corp. said Monday they have reached a basic merger agreement that will forge an internet conglomerate boasting over 100 million users in Japan with the aim of challenging U.S. and Chinese online behemoths. "In the internet market, ...
SoftBank Group Corp. is looking to reach an agreement with Line Corp. on a comprehensive partnership or acquisition through its group firm that runs Yahoo Japan, it was learned on Wednesday. Softbank wants to strengthen its internet and smartphone related services by tapping into the ...
Yahoo Japan clinches deal for majority stake in Zozo
The company offered ¥2,620 per share, a 21 percent premium on Zozo’s closing price, sending its shares soaring Thursday.
Yahoo Japan pushes out CEO of partner Askul as public dispute heats up
Yahoo Japan Corp. has pushed out the chief executive officer at partner Askul Corp., intensifying a public dispute between two of Japan's major internet companies. Investors in Askul, led by Yahoo Japan, rejected the reappointment of CEO Shoichiro Iwata and three independent directors at the ...
Askul fight escalates as CEO says he will try to force top shareholder Yahoo Japan to sell its stake
The CEO of the office supplies provider says he has the right to demand the sale and will hold a board meeting to vote on the issue.
Yahoo Japan and Plus exercise their shareholder rights to oust Askul CEO
Yahoo Japan Corp. and Plus Corp. said Wednesday they have exercised their shareholder rights to oust four board members of stationery seller Askul Corp., including President and CEO Shoichiro Iwata. Askul shareholders are scheduled to meet Aug. 2. The moves by Yahoo and Plus, a ...
Line Corp., the nation's largest messaging app, is close to obtaining a license to launch a cryptocurrency exchange in Japan, according to people familiar with the matter. The Financial Services Agency could issue the license as early as this month, with exchange operations starting a ...
Yahoo Japan is under fire for its China-like rating system
Some users of Yahoo Japan Corp. are rising up against Japan's biggest web portal after the rollout of a new rating system that's being compared with a social-scoring initiative in China. The 48 million people with a Yahoo! Japan ID will have to opt out ...
SoftBank to make Yahoo Japan a subsidiary, lifting expected sales and profits
Telecommunications carrier SoftBank Corp. said Wednesday it will make Yahoo Japan Corp. a consolidated subsidiary. The share acquisition will help SoftBank log record consolidated sales and operating profit in the year ending in March 2020. At present, Yahoo Japan is under the wing of SoftBank ...
PayPay to launch second rebate campaign valued at ¥10 billion
Japan-based smartphone payment service provider PayPay Corp. says it will launch another campaign Feb. 12 to give its users reward points worth a total of ¥10 billion. The campaign by the joint venture between SoftBank Group Corp. and Yahoo Japan Corp. will provide shoppers with ...
WWF urges Yahoo Japan to restrict ivory trade on auction site
The Japanese arm of the World Wide Fund for Nature urged Yahoo Japan Corp. on Thursday to impose tighter restrictions on sales of ivory items on its auction site, saying it serves as a major platform for the ivory trade and encourages poaching. Among the ...
Altaba looks to raise $4.3 billion by selling remainder of its Yahoo Japan stake
Altaba Inc., the holding company formed from the overseas investments not purchased by Verizon Communications Inc. in its acquisition of Yahoo Inc., will raise about $4.34 billion by selling its entire stake in Yahoo Japan Corp. The company increased the size of the deal to ...
