Technology

Tuesday 22 July 2014

Yahoo Japan says to buy eAccess from SoftBank for $3.2bn

Published 27/03/2014|08:54

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Yahoo email customers have been targeted in a fresh security breach (AP)
Taoiseach has said Yahoo's decision to move its data processing operations to Ireland was a commercial decision

Yahoo Japan Corp said today that it would buy mobile and broadband provider eAccess Ltd from its parent SoftBank Corp for 324bn yen ($3.17bn) in a bid to expand its services for tablets and smartphones.

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SoftBank, which owns about 42.5pc in Yahoo Japan, said in a separate statement that it would book a special gain of 55.7bn yen for the fiscal year ending March 2015.

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