SOFTBANK AGREES TO PAY $1.61 BILLION TO SECURE RIGHTS TO YAHOO BRANDING IN JAPAN

Highlights

• Unlike the United States, Yahoo at present remains a core part of SoftBank's domestic internet business

In order to secure rights to Yahoo branding and technology, internet business of Japanese tech major SoftBank, Z Holdings Corp on Monday said that it has agreed to pay a whopping sum of $1.61 billion.

Unlike the United States, Yahoo at present remains a core part of SoftBank's domestic ....