Yahoo Japan is to buy Japanese telco eAccess from wireless provider Softbank in a deal worth $3.2 billion (324 billion yen), it said today.
Softbank itself acquired eAccess back in October 2012, in a share swap deal valued at around $2.6 billion.
Yahoo Japan is a joint venture between Yahoo and Softbank. Reuters notes that Softbank owns a stake of around 42.5% in Yahoo Japan.
In recent years Yahoo has pulled its services out of several Asian regions — exiting South Korea entirely at the end of 2012. However it also said it remained committed to growth opportunities in the region — the Japanese market evidently being one of them.
“We have a solid business in APAC and see a lot of opportunity for growth across our content properties, communications services and ecommerce sites,” Yahoo said back in October 2012.
The Yahoo Japan web portal still pulls in considerable traffic in the market…
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