SoftBank pays US$1.6 billion for Yahoo Japan rights

CNA2021-07-05

TOKYO: SoftBank's internet business Z Holdings Corp said on Monday it has agreed to pay Verizon Communications Inc 178.5 billion yen (US$1.61 billion) to secure the rights to Yahoo branding and technology in perpetuity in Japan.

In contrast to the retreat of Yahoo in the United States, the brand remains a core part of SoftBank's domestic internet business where the name adorns a web portal and services like shopping and weather.

Verizon is offloading https://www.reuters.com/technology/apollo-acquire-verizons-media-assets-5-bln-2021-05-03 its media businesses including Yahoo and AOL to private equity firm Apollo Global after struggling to compete with internet giants in a US$5 billion deal set to close in the second half of this year.

Previously known as Yahoo Japan, SoftBank's internet business rebranded as Z Holdings and is betting on services such as payments app PayPay https://www.reuters.com/business/finance/softbanks-paypay-surges-ahead-japans-digital-payments-race-2021-06-11 and chat app Line for growth in Japan and Southeast Asia.

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精彩评论

  • DeclanTew
    2021-07-06
    DeclanTew
    Impressive [得意] 
  • Kimmie165
    2021-07-06
    Kimmie165
    Wow 
  • kknai
    2021-07-05
    kknai
    Hmmm
  • SandDust
    2021-07-05
    SandDust
    What is left of Yahoo? 
    • KamenR
      Good question Why would anyone still want to invest in it?
  • lsn_9812
    2021-07-05
    lsn_9812
    Like please.
  • Holla
    2021-07-05
    Holla
    Like my comment pls
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