News this week: The Wall Street Journal reported this week that Yahoo is currently engaged in discussions with its Japanese partners in an attempt to determine the best strategy in a potential asset sale.
Yahoo Japan is reportedly valued at roughly US$6 billion and U.S.-based Yahoo Inc. is considering selling its stake in the Japanese company while trying to avoid incurring a large U.S. tax obligation. Yahoo Inc. owns approximately 35% of Yahoo Japan, while Softbank Corp. owns 42% of the company.
The Wall Street Journal article quoted Akira Kajikawa, Yahoo Japan’s chief financial officer, “Yahoo Inc. is still trying to finalize the mechanism [for selling its stake] and we are cooperating with them.”
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