{"id":170195,"date":"2018-07-10T03:48:12","date_gmt":"2018-07-10T07:48:12","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=170195"},"modified":"2018-07-10T03:48:12","modified_gmt":"2018-07-10T07:48:12","slug":"softbank-raises-stake-in-yahoo-japan-in-purchase-from-altaba","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/10\/softbank-raises-stake-in-yahoo-japan-in-purchase-from-altaba\/","title":{"rendered":"SoftBank raises stake in Yahoo Japan in purchase from Altaba"},"content":{"rendered":"<figure id=\"attachment_170199\" aria-describedby=\"caption-attachment-170199\" style=\"width: 570px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/570px-Conrad_Tokyo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-170199\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/570px-Conrad_Tokyo.jpg\" alt=\"Tokyo Shiodome Building, SoftBank's global headquarters in Tokyo (Photo By Itoshin87 at Japanese Wikipedia - Transferred from ja.wikipedia to Commons, Public Domain)\" width=\"570\" height=\"900\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/570px-Conrad_Tokyo.jpg 570w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/07\/570px-Conrad_Tokyo-190x300.jpg 190w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/a><figcaption id=\"caption-attachment-170199\" class=\"wp-caption-text\">Tokyo Shiodome Building, SoftBank&#8217;s global headquarters in Tokyo (<a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=1907347\">Photo By Itoshin87 at Japanese Wikipedia &#8211; Transferred from ja.wikipedia to Commons, Public Domain<\/a>)<\/figcaption><\/figure>\n<p>TOKYO &#8212; Japanese internet company SoftBank Corp. is investing about $2 billion to raise its stake in Yahoo Japan through an acquisition from U.S. investment company Altaba Inc.<\/p>\n<p>SoftBank has been boosting its collaboration with Yahoo Japan, a search-engine company, to strengthen its e-commerce, smartphone services and other businesses.<\/p>\n<p>The deal, announced Tuesday in a statement from Softbank, will raise its stake in Yahoo Japan to 48 per cent from about 43 per cent. The three-way transaction between Altaba, SoftBank and Yahoo Japan will cut the stake of Altaba, which was formerly known as Yahoo, to 27 per cent.<\/p>\n<p>SoftBank, a leading Japanese telecommunications company, has financial-technology, ride-booking services, solar energy and the Pepper human-shaped companion robot among its widespread businesses.<\/p>\n<p>It also owns British semiconductor company ARM, an innovator in the \u201cinternet of things,\u201d and a Japanese baseball team, the Softbank Hawks.<\/p>\n<p>\u201cI have strong confidence in the future performance of Yahoo Japan, and I&#8217;m excited about the significant synergies,\u201d SoftBank Group Chief Executive Masayoshi Son said.<\/p>\n<p>Yahoo Japan is one of the most popular search engines in Japan. It offers online auctioning, film listings and the news.<\/p>\n<p>Altaba was ordered earlier this year to pay a $35 million fine to resolve federal regulators&#8217; charges the online pioneer deceived investors by failing to disclose one of the biggest data breaches in internet history.<\/p>\n<p>The company changed its name to Altaba after its email and other digital services were sold to Verizon Communications for $4.48 billion last year. Personal data was stolen from hundreds of millions of U.S. Yahoo users in a December 2014 breach attributed to Russian hackers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO &#8212; Japanese internet company SoftBank Corp. is investing about $2 billion to raise its stake in Yahoo Japan through &hellip;<\/p>\n","protected":false},"author":33,"featured_media":170199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[53016],"class_list":["post-170195","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-softbank-corp","mauthors-yuri-kageyama","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/170195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=170195"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/170195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/170199"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=170195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=170195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=170195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}