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Yahoo Japan Surges on Verizon Interest in Yahoo's Stake

  • Shares up most in three months after Verizon said to be keen
  • Verizon said to have made offer to sweeten its bid for Yahoo
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Here's Why Bidders Are Interested in Yahoo

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Yahoo Japan Corp. shares rose the most in almost three months on news that Verizon Communications Inc. is willing to buy Yahoo Inc.’s stake in the Japanese Web company as part of a bid for the business.

Verizon made the offer to include Yahoo Japan to help sweeten the offer, people familiar with the matter said on Thursday. Shares in the Japanese Internet portal closed 6.4 percent higher at 484 yen in Tokyo on Friday, the biggest gain since Jan. 13.