Yahoo Japan to raise stake in Japan Net Bank to 41 percent
By Reuters | 1 Apr, 2014, 11.20AM
TOKYO: Yahoo Japan Corp said on Tuesday that it would raise its stake in Japan Net Bank, an internet-focused lender, to 41.16 percent from 12.18 percent for an undisclosed sum to strengthen its online payment system.
The purchase is planned for April 30, it said.
Shares in Yahoo Japan, 42.5 percent of which is held by mobile carrier SoftBank Corp, were up 1 percent at 511 yen, outpacing a flat benchmark Nikkei