• Saturday, July 20, 2024
businessday logo

BusinessDay

Yahoo Japan to buy eAccess from SoftBank for $3.2 billion

businessday-icon

Yahoo Japan Corp said on Thursday that it would buy mobile and broadband provider eAccess Ltd from its parent SoftBank Corp for 324 billion yen ($3.17 billion) in a bid to expand its services for tablets and smartphones.

SoftBank, which owns about 42.5 percent in Yahoo Japan, said in a separate statement that it would book a special gain of 55.7 billion yen for the fiscal year ending March 2015.

Reuters