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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.
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.
It was founded in 2019 as a result of Yahoo! Japan Corporation's change to a holding company structure. In 2020, it merged with Line Corporation, a subsidiary of South Korean Naver Corporation, and became a subsidiary of A Holdings, a joint venture between SoftBank Group and Naver Corp. As a result, Line Corporation became a subsidiary of Z ...
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!
In September 2018, Altaba settled three lawsuits relating to Yahoo's data breaches for $47 million. [34] On September 17, 2018, Altaba announced the sale of their stake in Yahoo Japan Corporation for $4.3 billion. [35] On the same day, Altaba announced a $5.75 billion share repurchase program. [36]
In 1996, SoftBank formed a joint venture with American internet company Yahoo!, creating Yahoo! Japan (now LY Corporation), which would become a dominant site in the country. [34] In another highly publicized investment, SoftBank bought 80% of memory manufacturers Kingston Technology in 1996. When the owners-founders (John Tu and David Sun ...
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.
The company's international sites are wholly owned by Yahoo, with the exception of its Japan and China sites. Yahoo holds a 34.75% minority stake in Yahoo Japan, while SoftBank holds 35.45%, [169] Yahoo!Xtra in New Zealand, which Yahoo!7 have 51% of and 49% belongs to Telecom New Zealand, and Yahoo!7 in Australia, which is a 50–50 agreement ...