Softbank To Pay 178 5 Billion For Licensing Rights Of Yahoo In Japan
The agreement comes shortly after Verizon announced it was selling its media arm for $5 billion to private equity firm Apollo Global, which includes AOL and Yahoo. While Yahoo has struggled to stay relevant in Western markets, the brand is a core part of Z Holdings, which owns SoftBank’s various internet businesses in Japan and earned pre-tax profit of ¥848 billion in the past fiscal year. Z Holdings, a joint venture between Softbank and Naver, is the parent company of internet businesses Yahoo Japan, Yahoo Shopping, ZOZO, Japan Net Bank, and messaging platform Line....