& cplSiteName &

Yahoo Japan to Buy eAccess

Light Reading
News Wire Feed
Light Reading

TOKYO -- Yahoo Japan Corporation (“Yahoo Japan”), a subsidiary of SoftBank Corp. (the “Company”) announces today that its Board of Directors resolved to purchase the shares of eAccess Ltd. (“eAccess”) from the Company as attached (the “Transaction”). As a result of the Transaction, eAccess will become an indirect subsidiary of the Company.

eAccess is planning to merge with WILLCOM Inc. (“WILLCOM”), a subsidiary of the Company, effective as of June 1, 2014. Pursuant to certain conditions, such as the merger between eAccess and WILLCOM going ahead, Yahoo Japan will purchase all of the shares held by the Company in eAccess, which will be the surviving company after the merger.

1. Reason for the Transaction
The Transaction was proposed to the Company by Yahoo Japan based on the reasons described in 1) Reasons for Purchase of Shares as attached. The Company accepted this proposal as it believes the Transaction will benefit the future growth of both Yahoo Japan and eAccess, and also the SoftBank Group overall.

2. Impact on the Financial Results
The Company expects to record approximately JPY 55.7 billion in gain on sale of shares in an affiliate as special income on a stand-alone basis for the fiscal year ending March 31, 2015. The impact of the Transaction on the consolidated results for the fiscal year ending March 31, 2015 will be minor.

SoftBank Corp.

(3)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Bill Van
Bill Van,
User Rank: Moderator
3/28/2014 | 12:37:34 AM
Re: any other reasons
I find Son as the primier technology and business guru of Asia and I also saw him make a considerable proffit in this perticular deal. Yes, I found it strange and interesting he owned so much equity in both companies.  An easy sale?? lol
User Rank: Blogger
3/27/2014 | 9:22:02 PM
Re: any other reasons
The whole thing seems pretty strange - a company that is a joint venture of Yahoo and Softbank buying a company from Softbank? I wonder if Softbank gave itself a good deal. Also, some of what I've read about eAccess makes it sound like an also-ran in the market.
User Rank: Light Sabre
3/27/2014 | 10:37:28 AM
any other reasons
Does anyone knows if there are any other reasons to the deal beyond the ones stated?
Featured Video
From The Founder
Ngena's global 'network of networks' solves a problem that the telecom vendors promised us would never exist. That doesn't mean its new service isn't a really good idea.
Flash Poll
Upcoming Live Events
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Dell CTO: Public Cloud Is 'Way More Expensive Than Buying From Us'
Mitch Wagner, Mitch Wagner, Editor, Enterprise Cloud, Light Reading, 3/19/2018
Eurobites: Cambridge Analytica Feels the Heat
Paul Rainford, Assistant Editor, Europe, 3/20/2018
HR: Cable Dominates US Broadband
Carol Wilson, Editor-at-large, 3/21/2018
Light Reading Is Getting Cloudier
Mitch Wagner, Mitch Wagner, Editor, Enterprise Cloud, Light Reading, 3/20/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed