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Yahoo Japan Sought Merger With Yahoo

     
6:02 am on Sep 12, 2016 (gmt 0)

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http://www.japantimes.co.jp/news/2016/09/10/business/corporate-business/yahoo-japan-sought-merger-yahoo-verizon-deal/ [japantimes.co.jp]

Yahoo Japan sought merger with Yahoo before Verizon deal

Yahoo Japan Corp. proposed a “merger of equals” with Yahoo Inc. — but was rebuffed — during a process lasting several months that eventually led to Verizon Communications Inc. acquiring the U.S. internet company’s core assets for more than $4.8 billion, according to a regulatory filing detailing the sales effort.

The board of Yahoo Japan in February sent a letter to Yahoo Chairman Maynard Webb and Chief Executive Officer Marissa Mayer about a deal that would hand the company’s shareholders 50 percent of the combined entity — and about $14 billion in cash, according to the filing made Friday. It also contemplated a commitment from Alibaba Group Holding Ltd. to purchase about half of Yahoo’s stake in the Chinese e-commerce company. The deal was rejected because it offered no premium and would have triggered a full tax hit for the shares of Alibaba.
5:00 pm on Sept 12, 2016 (gmt 0)

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That all sounded a bit of a mess. Where does it leave Yahoo Japan now?
1:06 am on Sept 13, 2016 (gmt 0)

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They're still king of the hill in Japan although there's lots of competition, and Mr. Son is on a buying spree. He just bought ARM.

Several years back they switched to Google SERPs. They still have the most popular portal site, which is fed by their mobile phone and ISP business clients along with your everyday customer base.