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home / news releases / SFTBY - SoftBank pays $1.6B for Yahoo Japan rights

SFTBY - SoftBank pays $1.6B for Yahoo Japan rights

SoftBank Group Corp ADR
Koki Nagahama/Getty Images News SoftBank ([[SFTBF]],[[SFTBY]]) business Z Holdings will pay 178.5 billion yen ($1.61B) for the rights to Yahoo branding and technology in Japan in perpetuity. The new agreement will happen after Verizon (VZ) offloads its media assets to private equity firm Apollo Global. Z Holdings completed its merger of Yahoo Japan and popular messaging app line earlier this year, leaving the holding company with a $43 billion valuation. Yahoo Japan and Verizon Media will retain their business and cooperative relationship. Background: Apollo stock gains after buying Verizon Media assets for $5B

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SoftBank pays $1.6B for Yahoo Japan rights
Stock Information
Company Name: SoftBank Group Corp ADR
Stock Symbol: SFTBY
Market: OTC
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