Yahoo! buys shares in Europe, Korea units

November 7, 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: China smartphone maker Xiaomi wants a bite of Apple

Related Stories

Hedge fund boss Loeb lobbies for breakup of Sony (Update 4)

May 14, 2013

The U.S. hedge fund manager renowned for shaking up Yahoo Inc. has set his sights on Sony Corp., proposing that the Japanese electronics giant spin off up to 20 percent of its movie, TV and music division and use the money ...

Yahoo's 4Q report shows more signs of progress

January 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 that exceeded ...

US largely ruling out NKorea in 2009 cyberattacks

July 3, 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

Magnetism at nanoscale

August 3, 2015

As the demand grows for ever smaller, smarter electronics, so does the demand for understanding materials' behavior at ever smaller scales. Physicists at the U.S. Department of Energy's Ames Laboratory are building a unique ...

How the finch changes its tune

August 3, 2015

Like top musicians, songbirds train from a young age to weed out errors and trim variability from their songs, ultimately becoming consistent and reliable performers. But as with human musicians, even the best are not machines. ...

Study calculates the speed of ice formation

August 3, 2015

Researchers at Princeton University have for the first time directly calculated the rate at which water crystallizes into ice in a realistic computer model of water molecules. The simulations, which were carried out on supercomputers, ...

Small tilt in magnets makes them viable memory chips

August 3, 2015

University of California, Berkeley, researchers have discovered a new way to switch the polarization of nanomagnets, paving the way for high-density storage to move from hard disks onto integrated circuits.

0 comments

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.