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Yahoo! Inc. Message Board

  • thetoadtimes thetoadtimes Oct 6, 2011 3:41 PM Flag

    Yahoo explores options for Japan business

    Yahoo is moving closer to shedding its stake in Yahoo Japan as it waits for US tax authorities to give guidance on a structure through which the embattled internet company could cash in on its holding.

    Yahoo’s 35 per cent stake in the Japanese business, which has a total market value of about $19bn and net cash of $2bn, is seen by people familiar with the matter as an asset the company could dispose of relatively quickly, simplifying its strategic alternatives.

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    • Such a transaction could happen ahead of the conclusion of the broader strategic review, people familiar with the matter said, possibly within weeks, with the sale of the Yahoo Japan stake seen as removing one complication around the parent company.

      Yahoo is exploring a different structure which could allow Softbank, the Japanese bank which owns about 40 per cent of Yahoo Japan, or the company itself to raise money against the stake and buy out Yahoo in a tax-efficient manner.

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