Deals
Yahoo Japan Cancels Plan to Acquire EAccess From SoftBank
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Yahoo Japan Corp., the nation’s largest Internet portal, canceled plans to acquire eAccess Ltd. from SoftBank Corp. for 324 billion yen ($3.2 billion) as part of a strategy to expand in wireless data and voice businesses.
Yahoo Japan and eAccess decided they didn’t need to combine businesses and that they could cooperate while developing their operations separately. Yahoo Japan says it will still pursue the “Y!mobile” service with SoftBank while eAccess builds infrastructure, according to the statement.