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Yahoo in talks to exit Japan, sources say

     
2:47 am on Mar 2, 2011 (gmt 0)

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Yahoo in talks to exit Japan, sources say [reuters.com]

Yahoo Inc is in advanced talks to exit its joint venture in Japan with SoftBank Corp, a move that could lead it to focus on reaching a decision on its China assets.

A deal to transfer Yahoo's 35 percent stake in Yahoo Japan to telecommunications company and investor SoftBank could come within a few weeks, people with knowledge of the discussions said. The public value of the stake is just under $7.5 billion.

A straightforward sale is unlikely for tax reasons and the parties are exploring other structures, these people said. A deal has not yet been reached and could yet fall apart.
10:43 am on Mar 3, 2011 (gmt 0)

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Whoa, that's a big change if it happens.