Yahoo Is Still Making Acquisitions – At Least in Japan

Yes, Yahoo is still doing acquisitions – at least in Japan. “Softbank and Yahoo joint venture Yahoo Japan has unveiled a bid to buy Ikyu, popular restaurant reservation and online travel platform in Japan for around $830 million. Yahoo Japan is offering to pay 3433 JPY($2836) per share for Ikyu being listed on the Japanese stock exchange. This will be representing a 42 percent premium on IKyu’s most recent share price and means Yahoo Japan can pay 100 billion JPY for their transaction. This will be adjusting around $829 million based on present exchange rates.”

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