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Yahoo looking to sell Japanese stake, exit market

9:01 am on Oct 7, 2011 (gmt 0)

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Yahoo looking to sell Japanese stake, exit market [thenextweb.com]

Yahoo is rumoured to be considering the sale of its stake in its high-performing business in Japan to help simplify a potential sale of the struggling firm.

The company may offload its 35% stake in Yahoo Japan, the entity it launched with operator Softbank in 1996, according to Reuters.

In contrast to its troubles in the west, Yahoo enjoys a more positive profile across many Asian markets. Yahoo Japan is the country’s most visited site (according to Alexa rankings) and the company’s most recent public data (PDF) demonstrates its strong performance, particularly on mobile which accounted for around 20% of its 1,762 million page views in March.