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Yahoo sell its stake in Yahoo Japan for 9 billion USD

Noam Stiekema

The US technological concern Yahoo sell its stake in Yahoo Japan, which value could reach nearly 9 billion USD before tax. These news pushed up shares of technology giant. The internet company has hired consultants to help assess the possible separation of the asset is reported CEO Marissa Mayer to investors during a conference call […]

Yahoo Japan sale

Yahoo Japan saleThe US technological concern Yahoo sell its stake in Yahoo Japan, which value could reach nearly 9 billion USD before tax. These news pushed up shares of technology giant. The internet company has hired consultants to help assess the possible separation of the asset is reported CEO Marissa Mayer to investors during a conference call Tuesday. This will not include the planned separation of the stake in China Alibaba Group Holding.

Investors prompted Meyer to part with Yahoo Japan, in January after it announced plans to sell its stake in Alibaba. The value of the asset in the Chinese giant could estimates of experts to reach a value of 40 billion USD. However, Wall Street remains generally cautious about the plan.

Yahoo owns about 35% of Yahoo Japan, which has a market value of almost 25 billion USD on the Tokyo Stock Exchange. The Japanese internet company SoftBank is the largest shareholder with about 36%. Last month shareholder in Yahoo Starboard Value LP announced that the release of part of the shares in Alibaba is a “good first step” but urged Yahoo to manage its stake in Yahoo Japan in tax-efficient manner. The Board of Directors would not comment on the issue told Reuters on Tuesday.

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