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Yahoo Japan To Acquire Mobile Network Operator eAccess For $3.17 Billion

   
5:21 pm on Mar 27, 2014 (gmt 0)

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Yahoo Japan Corp will buy mobile network operator eAccess from No. 3 Japanese wireless carrier SoftBank Corp for 324 billion yen ($3.17 billion) to launch its own mobile Internet service.

Yahoo Japan, the country's biggest Internet portal and 42.6 percent owned by SoftBank, said on Thursday its new Y!mobile service would aim for more than 20 million users and would use a simple pricing structure to attract new customers.

The purchase, scheduled for June 2, will immediately follow eAccess' planned merger with wireless provider Willcom, another SoftBank subsidiary. The two currently have about 10 million users combined.Yahoo Japan To Acquire Mobile Network Operator eAccess For $3.17 Billion [reuters.com]
1:20 am on Apr 2, 2014 (gmt 0)

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This is a rather odd shuffling of the books on SoftBank's part. They're going to book a special gain for FYE2015 with this move.

Yahoo Japan has very good mind-share in Japan though, so they may be playing off that aspect as the carriers Willcom and eMobile are 2nd or 3rd tier providers.
12:51 am on May 20, 2014 (gmt 0)

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After their stock took a hit when analyists didn't see the need for a member of the same group to purchase eAccess they apparently changed their minds about this deal.

http://www.reuters.com/article/2014/05/19/us-yahoo-japan-softbank-eaccess-idUSBREA4I03620140519 [reuters.com]

Yahoo Japan drops $3.2 billion plan to buy eAccess from SoftBank

Yahoo Japan Corp has dropped its plan to buy mobile network operator eAccess Ltd from SoftBank Corp in a 324 billion yen ($3.2 billion) deal that was part of a reorganization of SoftBank group assets.
6:55 am on May 21, 2014 (gmt 0)

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...and as soon as the deal was canceled Yahoo Japan stocks went back up.

http://www.deccanchronicle.com/140520/business-companies/article/yahoo-japan-shares-surge-after-it-cancelled-32-billion-eaccess [deccanchronicle.com]

Yahoo Japan shares surge after it cancelled $3.2 billion eAccess deal

Shares in Internet giant Yahoo Japan surged in Tokyo on Tuesday after it cancelled plans to buy domestic telecom company eAccess from its parent SoftBank Corp. in a $3.2 billion deal. The stock jumped 11.67 per cent to close at 459 yen, after it rose nearly 15 percent in early trading.
 

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