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News Breaks
May 19, 2014
07:52 EDTSFTBF, YHOOYahoo Japan drops plan to buy eAccess from Softbank
On March 27, Yahoo Japan (YHOO) announced in that it would purchase shares of eAccess from SoftBank (SFTBF). However, as a result of in-depth discussions following the announcement, the Board of Directors of Yahoo Japan Corporation decided in a meeting held to cancel the purchase of eAccess shares and conversion to a consolidated subsidiary. After the announcement on March 27, Yahoo Japan Corporation and SoftBank held further in-depth discussions on the mutual use of networks, service design, etc., coming to a deeper mutual understanding of the details of the Transaction. As a result, Yahoo Japan Corporation came to the conclusion that rather than converting eAccess to a consolidated subsidiary and building an infrastructure on its own, it would be better to develop the business by employing the strengths of each company, with Yahoo Japan Corporation responsible for services and eAccess for infrastructure. Consequently, the Transaction has been cancelled. eAccess and WILLCOM, Inc., are still scheduled to merge with an effective date of June 1.
News For YHOO;SFTBF From The Last 14 Days
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December 19, 2014
17:18 EDTYHOOYahoo reports 16.7% passive stake in Hortonworks
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December 17, 2014
13:44 EDTYHOOYahoo holders continue push for AOL merger, NY Times reports
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December 11, 2014
10:17 EDTYHOOCiti upbeat on Google in face of pending Apple decision on Safari
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08:09 EDTYHOOGoogle shares pricing in loss of Apple search deal, says Citigroup
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