Yahoo Hasn't Given Up On Trying To Sell Off Its Japanese Assets

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Yahoo has not stopped talks about selling off its Yahoo Japan stake, despite the earthquake, says David Faber of CNBC.

Yahoo’s stock has taken a beating this week, as investors assumed it would either have to stop talks or it would get a lower price for its stake.

Yahoo owns 35% of Yahoo Japan, which is worth around $7.5 billion.

However, it can’t just dump the stake because it would take a big tax hit. So it’s exploring a variety of options to get value from divesting itself.

Yahoo’s stock is up 2.5% as of this writing.

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