∞ Yahoo explores options for Japan business
From FT.com
Yahoo is moving closer to shedding its stake in Yahoo Japan as it waits for US tax authorities to give guidance on a structure through which the embattled internet company could cash in on its holding.
Yahoo’s 35 per cent stake in the Japanese business, which has a total market value of about $19bn and net cash of $2bn, is seen by people familiar with the matter as an asset the company could dispose of relatively quickly, simplifying its strategic alternatives.
