Yahoo's Most Likely Next Move: Sell Its Stake In Yahoo Japan

yahoo japan

Photo: Associated Press

Yahoo is still in a state of flux, but according to AllThingsD reporter Kara Swisher, it’s very close to making a deal to rid itself of its Yahoo Japan stake.Its longtime partner Softbank will buy the stake — valued at $6.4 billion — from Yahoo.

This move has been reported since March, but maybe this time it’s actually going to happen.

Back in March, here’s how the deal was being discussed:

Yahoo wants to avoid taking a huge tax hit on the sale, so it is exploring two alternatives: An asset swap, in which Softbank takes Yahoo stock in exchange for the Yahoo Japan stock, and a “tracking stock,” in which Yahoo shareholders can be free to sell off the Yahoo Japan stock without a triggering a tax event for the company.

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