Yahoo Japan, Yahoo Inc end talks on share buyback

Yahoo Japan, Yahoo Inc end talks on share buyback
Highlights
  • Yahoo Japan Corp's talks with key shareholder Yahoo Inc for a share buyback have ended with no agreement
Advertisement
Yahoo Japan Corp's <4689.T> talks with key shareholder Yahoo Inc for a share buyback have ended with no agreement, but the companies left open the possibility of further negotiations, Yahoo Japan's chief financial officer Toshiki Ohya said on Tuesday.

"We want to positively consider resuming negotiations if the conditions are right," Ohya told reporters.

Yahoo Inc's chief executive, Scott Thompson, said last week the plan to sell its stake in Yahoo Japan has been plagued by a "valuation gap" that the parties have failed to bridge.

Yahoo Inc, under pressure to free up cash for shareholders and simplify its ownership structure, has been looking for more than a year to monetise its stake in Yahoo Japan, which was formed as a joint venture between the U.S. Internet pioneer and Japan's Softbank Corp <9984.T> in 1996.

Copyright Thomson Reuters 2012
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Yahoo, agencynews, shares, Yahoo Japan
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »