TOKYO (AFP) – Yahoo! Inc. has been in talks to potentially unload its $7 billion stake in Yahoo! Japan, a report said on Wednesday, citing a source close to the matter.
However, negotiations are in early stages and no deal is near, according to the Wall Street Journal. Yahoo! owns a 30 percent stake in its Japanese namesake.
Japan's Softbank holds 41.9 percent and is the largest shareholder in the Japanese firm. On Wednesday it denied earlier reports that it was in talks with Yahoo! to also buy the US firm's stake.
"We have no intention to acquire the (Yahoo! Japan) shares," Softbank said in a statement.
The Journal cited a person familiar with the matter as saying one of the many options currently being considered by Yahoo! was a sale of the stake, but no deal has been finalised।
http://news.yahoo.com/s/afp/20110302/ts_alt_afp/japanusinternetcompanyyahoosoftbank_20110302122300
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment