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.

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<