Yahoo! buys shares in Europe, Korea units

Nov 07, 2005

Yahoo! said Monday it plans to buy the remaining shares in its European and Korean subsidiaries.

The Internet search-engine group said that it has reached an agreement with Softbank Holdings (Europe) to buy the company's approximate 30 percent stake in Yahoo! UK, Yahoo! Germany and Yahoo! France.

Yahoo! also said it will be buying the remaining 33 percent stake in Yahoo! Korea from Softbank Korea and Yahoo! Japan.

The total price tag to buy out Softbank's interests will be $500 million, to be paid in cash, Yahoo! said in a news release.

"This agreement to purchase the remaining shares not already owned by Yahoo in Europe and Korea demonstrates the confidence we have in our international businesses and our commitment to deliver long-term shareholder value," stated Terry Semel, chairman of Yahoo!.

Copyright 2005 by United Press International

Explore further: FBI chief urges 'robust debate' on encryption

Related Stories

Yahoo's 4Q report shows more signs of progress

Jan 29, 2013

Yahoo got a little healthier during the last three months of 2012 as the long-suffering Internet company took advantage of higher ad prices and more money coming in from overseas investments to deliver numbers ...

US largely ruling out NKorea in 2009 cyberattacks

Jul 03, 2010

(AP) -- U.S. officials have largely ruled out North Korea as the origin of a computer attack last July that took down U.S. and South Korean government websites, according to cybersecurity experts.

Recommended for you

FBI chief urges 'robust debate' on encryption

1 hour ago

FBI Director James Comey called Monday for public debate on the use of encrypted communications, saying Americans may not realize how radical groups and criminals are using the technology.

LG Display moves advanced touch tech up to notebooks

6 hours ago

LG Display has news for people who are into working with notebook PCs. They have announced lighter and slimmer LCD panels. Unleashing "Advanced In-cell Touch" (AIT) technology, LG Display said on Monday that ...

Italian surveillance company hacked, documents stolen

7 hours ago

An Italian surveillance firm known for selling malicious software used by police bodies and spy agencies has succumbed to a cyberattack, the firm's spokesman said Monday, confirming an embarrassing breach ...

Amazon pushes Prime service with day of deals

8 hours ago

Amazon is trying to lure more subscribers to its $99 Prime loyalty program by pushing a day of discounts it calls "Prime Day" during the sleepier summer shopping season.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.