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LY Corporation (LINEヤフー株式会社, Rain Yafū Kabushiki-gaisha, lit. ' Line Yahoo Corporation '), trading as LYC, [1] is a Japanese internet company owned by A Holdings, a joint venture between SoftBank Group of Japan, and Naver Corporation of South Korea, [2] founded in 2023 by the merger of Z Holdings, and four subsidiaries including Line Corporation and Yahoo!
Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com , an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire.
Yahoo! Japan was a founding member of the Japan Association of New Economy (JANE, at the time named Japan e-business association), a Japanese e-business association led by Rakuten CEO Hiroshi Mikitani, in February 2010; Rakuten later withdrew from the Japan Business Federation (Keidanren) in June 2011 and made moves to make JANE become a rival to Keidanren.
Originally, the company was established as Yahoo Japan Corporation in January 1996, but on October 1, 2019, it changed to a holding company structure due to a company split and changed its corporate name. [2] Due to the reorganization of the group centered on Yahoo Japan Corporation in 2019, the information and communication business division ...
Yahoo! operations not acquired in the deal were renamed Altaba, a holding company whose primary assets were its 15.5 percent stake in Alibaba Group and a 35.5 percent stake in Yahoo! Japan. [22] After the merger, Oath cut fifteen percent of the Yahoo!-AOL workforce. [4] In 2018, Altaba sold Yahoo! Japan to SoftBank Group.
Yahoo! Japan acquired the naming rights for the Fukuoka Dome in 2005, renaming the dome as the "Fukuoka Yahoo! Japan Dome". The "Yahoo Dome" is the home field for the Fukuoka SoftBank Hawks, a professional baseball team, majorly owned by SoftBank. Since 2010, Yahoo! Japan's search engine has been based on Google's search technology.
Yahoo! stock doubled in price in the last month of 1999. [24] On January 3, 2000, at the height of the dot-com boom, Yahoo! stock closed at a high of $118.75 a share. Sixteen days later, shares in Yahoo! Japan became the first stock in Japanese history to trade at over ¥100,000,000, reaching a price of 101.4 million yen ($962,140 at that time ...
Line Corporation was founded on September 4, 2000, as Hangame Japan as a part of Hangame, a South Korean game company owned by NHN at the time. In August 2003, the company was renamed to NHN Japan. In 2007 Naver established another Japanese subsidiary Naver Japan, which managed the Naver