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Report: Yahoo May Sell Its 35pct Stake In Yahoo Japan

8:53 am on Oct 7, 2011 (gmt 0)

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Report: Yahoo May Sell Its 35pct Stake In Yahoo Japan [reuters.com]
Yahoo Inc is likely to sell its 35 percent stake in Yahoo Japan ahead of the conclusion of its broader strategic review, possibly within weeks, the Financial Times reported.

Yahoo's stake in the Japanese business is seen as an asset the company could dispose of relatively quickly, simplifying its strategic alternatives, the FT reported, citing people familiar with the matter.

A deal to sell its stake in Yahoo Japan -- which Yahoo owns along with Japanese mobile company Softbank -- could facilitate a sale of the rest of the company, the FT said.


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