Archive for March, 2003

Softbank sells part of stake in Yahoo Japan

Tuesday, March 4th, 2003

Sale by Softbank Will End Its Control of Yahoo Japan

Softbank’s BB business is influencing its investments business. In order to compete with NTT and meet corporate bond commitments, Softbank is selling 8.5% of Yahoo Japan to raise 80 billion yen.

Interestingly, Softbank has 2 million ADSL subscribers.