Yahoo Buying Full Ownership Of Yahoo UK, Germany, France & Korea
Yahoo buy stakes in European,
Korean portals from the Associated Press covers Yahoo spending about $500
million to acquire full ownership of Yahoo sites in the UK, France, Germany and
Korea. In these countries, Softbank currently holds a 30 to 33 percent share of
each country-specific portal. Yahoo said the move shows the confidence it has in
its international business activities. The deals are set to complete by the end
of the year.
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