Yahoo! is in advanced talks to sell its stake in Yahoo! Japan to Softbank, Reuters reported, citing people familiar with the matter. A sale could be agreed in the next few weeks. Softbank already holds 42 percent in Yahoo! Japan, while Yahoo! has 35 percent and the remainder is listed. The Yahoo! stake is worth around USD 7.5 billion based on the latest share price. Yahoo! is reportedly selling the stake in Japan in order to better focus on China, where it has a stake in the portal Alibaba. Softbank issued a statement saying it has no intention of acquiring the additional Yahoo Japan shares.
