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November 7, 2005

Yahoo Buying Full Ownership Of Yahoo UK, Germany, France & Korea

Yahoo buy stakes in European, Korean portals from the Associated Press covers Yahoo spending about $500 million to acquire full ownership of Yahoo sites in the UK, France, Germany and Korea. In these countries, Softbank currently holds a 30 to 33 percent share of each country-specific portal. Yahoo said the move shows the confidence it has in its international business activities. The deals are set to complete by the end of the year.

Posted by Danny Sullivan at November 7, 2005 6:34 PM