Yahoo! to increase stake in foreign portal markets
Dawn Kawamoto writes in C|Net News:
Yahoo announced on Monday that it will pay $500 million to increase its stake in its United Kingdom, Germany, France and Korea portal sites, giving it full ownership of these international sites.
The Internet company entered an agreement with Softbank Holdings to purchase the investment company's 30 percent stake in Yahoo UK, Yahoo Deutschland and Yahoo France.
And in a separate agreement with Softbank Corp., Softbank Korea and Yahoo Japan, Yahoo will purchase their 33 percent stake in Yahoo Korea, giving it a controlling interest in the Korean portal.
posted by Fergie @ 11/07/2005 08:43:00 AM
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