Yahoo Japan to buy mobile and broadband provider eAccess from SoftBank for $3.17 bn

27 Mar 2014

1

Yahoo Japan Corp, in which SoftBank holds a 42.5 per cent stake, today struck a deal to buy mobile and broadband provider eAccess Ltd from its parent SoftBank Corp for ¥324 billion ($3.17 billion).

Yahoo Japan to buy mobile and broadband provider eAccess from SoftBank for $3.17 bneAccess is scheduled to merge with Willcom Inc, and Yahoo Japan said that the acquisition of  eAccess is conditional on the merger going through.

Willcom, which is also owned by SoftBank, sells flat-rate wireless connections and voice calls in Japan.

Yahoo Japan, the country's largest portal site, will start a new carrier service to be called Y!mobile, which shares phone networks with SoftBank.

Yahoo Japan said that the purpose of the acquisition is to further stimulate rapid growth in Internet services for smartphones and tablets.

Softbank, run by Masayoshi Son, had acquired Tokyo-based eAccess in 2012 in a $2.6 billion share swap deal.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers