bill - 1:10 am on May 18, 2012 (gmt 0)
The strong Yen has made it difficult for things to be produced in Japan. It is cheaper for Japanese companies to purchase foreign assets to expand their influence. Rakuten is a fairly young company that groks the web and the importance of being international. I hope it works out for them. However, I think the valuation based on this investment is a tad absurd.