Yahoo Japan Rises on Yahoo Inc. Sale Report; Softbank Falls
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Yahoo Japan Corp. rose the most in more than two years in Tokyo trading after Reuters reported Yahoo! Inc. is in talks to sell its stake to Softbank Corp.
The operator of Japan’s most-visited web portal gained as much as 11 percent to 34,600 yen, the stock’s biggest intraday advance since Oct. 27, 2008. The shares changed hands 4.7 percent higher as of 10:02 a.m. Softbank fell as much as 4.6 percent.