YAHOO, Japan, $830 Million To Buy One Stop Travel Website
Recently, I was told that
YAHOO
Japan announces acquisition of up to 100 billion 200 million yen (US $830 million)
Japan
Ikyu, a tourism website, aims to expand tourism and hotel reservation business.
YAHOO and Softbank hold 35.5% and 36.4% of YAHOO Japan respectively.
YAHOO said in a statement that it would offer 3433 yen per share to acquire Ikyu, which is about 42% higher than its closing price on Tuesday.
The US Yahoo Corp is considering how to deal with the shares of YAHOO Japan, which are calculated according to the current exchange rate.
Shares
It costs about 8 billion 500 million dollars.
YAHOO has shelved the plan to sell its Alibaba shares, but consider setting up an independent subsidiary to hold the remaining assets.
YAHOO Japan said that the tender offer Ikyu will begin in December 16th with a deadline of February 3rd next year.
This is the second acquisition made by Nikesh Arora, YAHOO's president, in June when it was appointed chairman of YAHOO Japan.
This year YAHOO Japan has been diversifying its business, investing in BuzzFeed and buying SONY's real estate sector.
Beginning in 1997, YAHOO Japan has been running its own Yahoo! Travel service. In February this year, it announced the revision and directly operated the hotel reservation business.
Ikyu President Masafumi Mori agreed to sell 41% of his holdings, while Mori Trust, the second largest shareholder of the company, will also sell shares.
YAHOO's share price has risen 15% this year.
- Related reading
Overseas Electricity Supplier Creative Marketing Mode: Temporary Stores Under The Line
|
Capital Market For Textile And Garment Industry Enthusiastically Pursue New Three Boards Or New Enterprises Financing Direction
|
"Double 12" Electricity Supplier 10 Big Data Big Spot Sales Spot Big Secret
|
- Association dynamics | China Textile Planning Research Association: Regional Restructuring Of Textile Industry Is Also Steadily Advancing.
- Industry dialysis | The Chinese Market Tells You That Luxurious Underwear Occupies A Large Part Of The Country.
- Industry Overview | Big Brands Are Entering The Chinese Market To Look After This Fat Meat.
- Chamber of Commerce | The Fourth China Brand Annual Meeting Is Successfully Concluded.
- News Republic | The Professional Fashion Buyer Explains The Truth Of "Buy And Buy" For You.
- Market trend | The Existence Of Traditional Jewels Is Bound To Be Tortured.
- Listed company | IPO Market Has Never Had Any Excitement.
- Shoe Express | Guangdong'S Franchise Development Conference
- News Republic | Abcence Brand New Designers Talk About The Design In The Eyes
- Latest topics | The "13Th Five-Year Development Plan" Of The Textile Industry Is Clear.
- Overseas Electricity Supplier Creative Marketing Mode: Temporary Stores Under The Line
- Han Du Yi And The Pathfinder Jointly Create Outdoor Children'S Clothing.
- Overseas Electricity Supplier Creative Marketing Mode: Temporary Stores Under The Line
- Electricity Supplier Comprehensive Tax: Annual Income Of 5 Billion Types Of Electricity Providers To Raise Prices?
- Indonesian International Textile Exhibition Promotes Sino Indian Textile Industry Exchanges
- Who Is The Most "Crazy" In The 12 Battle? 10 Big Data To Show You The Trend.
- What Is The Federal Reserve'S Delay In Raising Interest Rates?
- The A Share Market Has Branded A "Speculative Market".
- What Is The Biggest Problem In Financial Markets?
- Polyester Filament Market Continues To Be Weak, And Polyester Turnover Is Not Large.