Coldone's buys are all big winners.
Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc. -- but was rebuffed -- during a months-long process that eventually led to Verizon Communications Inc. acquiring the U.S. internet company’s core assets for more than $4.8 billion, according to a regulatory filing detailing the sales effort.
The board of Yahoo Japan in February sent a letter to Yahoo Chairman Maynard Webb and Chief Executive Officer Marissa Mayer about a deal that would hand the company’s shareholders 50 percent of the combined entity -- and about $14 billion in cash, according to the filing made Friday. It also contemplated a commitment from Alibaba Group Holding Ltd. to purchase about half of Yahoo’s stake in the company. The deal was rejected for reasons including: It offered no premium and would mean a full tax hit for the Chinese shares of Alibaba.
Softbank wants Yahoo's 35% of Yahoo! Japan and Masayoshi Son will get it.