Yahoo takes back shares worth $2 bn from SoftBank
Beeps By | Jul 10 2018

Yahoo Japan Corp is taking back its shares worth about $2 billion from SoftBank Group Corp as part of a three-way deal with its top shareholders. The deal will see Altaba, Yahoo Japan’s second largest shareholder, sell down its stake in Yahoo Japan by around $2 billion and SoftBank raise its stake slightly in Yahoo Japan to around 48%.

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