Yahoo Japan is putting up a $3.7 billion tender offer for Japanese online retailer Zozo, whose celebrity founder will step down as chief executive, mariyamaguchi reports.
TOKYO (AP) — Yahoo Japan Corp. is putting up a tender offer, estimated at 400 billion yen ($3.7 billion), for Zozo Inc., a Japanese online retailer started by a celebrity tycoon. Yahoo Japan...TOKYO (AP) — Yahoo Japan Corp. is putting up a tender offer, estimated at 400 billion yen ($3.7 billion), for Zozo Inc., a Japanese online retailer started by a celebrity tycoon. Yahoo Japan announced the plan Thursday, which includes a business alliance with Zozo. Zozo Chief Executive Yusaku Maezawa is known for lavish spending on artworks by Jean-Michel Basquiat, a Stradivarius violin and a future trip to the moon. Maezawa, who owns nearly 37% of the company, will step down and sell nearly 93 million shares of his more than 112 million shares, according to the plan. Yahoo Japan will own up to 50.1% under the tender offer, set for early October, it said. Maezawa has drawn a great deal of attention in the relatively conservative Japanese business world. He started out running an import CD business and played in a rock band before he started his online fashion business with a shopping site called Zozotown when online retailing was still new in Japan. Recently he drew attention for his Zozosuit, a so-called wearable technology that takes body measures with a software application so that clothes will be made to fit. He was also planning to ride on Elon Musk’s Space X rocket. Zozo, whose tagline is: “Be unique. Be equal,” said in a statement that, by becoming a subsidiary of Yahoo Japan, it will gain stability and a solid partner. Succeeding Maezawa at Zozo’s helm is Kotaro Sawada, who joined the company about 10 years ago after working at Japanese telecommunications giant NTT Data Corp. Hiroko Sato, analyst for Jeffries, said the deal looked good for both sides as Yahoo has a chance to gain more shoppers to its online retail services by acquiring Zozo, especially younger consumers. The move is not without risks as it faces in Japan formidable competition from Rakuten, she said. “Our initial impression is positive for both companies,” she said. ___ Read more: The Associated Press
mariyamaguchi While dumping radioactive water into ocean. Wesr coast will be directly effected. mariyamaguchi How does yahoo still have all this money after all its mistakes?
Yahoo Japan to launch bid for online retailer Zozo: NHKYahoo Japan Corp, will launch a takeover bid for online clothing retailer Zozo I... うぇっ！Yahooは無いわー。上澄みの吸い上げをペイメントの連携で加速しようとしている程度ならマジで終わりの始まりとしか。
Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billionYahoo Japan Corp on Thursday offered to buy the majority of online fash... Mr.Maesawa,owner of ZOZO, is clever to sell his company. He will get about JPY400 Billion, while Yahoo Japan will suffer from it. Because everything Yahoo touches turns to gold... And yet do not have money for better security and updated services.
Japan may have to dump radioactive Fukushima water into the PacificEight years after Japan's worst nuclear disaster, the government is not sure what to do with the contaminated water that remains -- but its environment minister says dumping it into the ocean might be the only choice. elonmusk can you shoot it at the sun and see what happens? Fake news WTF..... Crazy ass WORLD
New environment minister says Japan should stop using nuclear powerJapan's newly installed environment minister, Shinjiro Koizumi, wants the c... Stupid idea. Nuclear Power is actually the future. Yeah. No shit! Yep. Not a great track record over all.
Japan manufacturers' mood hits 6-1/2-year low: Reuters TankanBusiness confidence among Japanese manufacturers has soured to hit the weakest l...
Japan regulator to launch new investigation into Fukushima nuclear disasterJapan's nuclear regulator said in Wednesday it would launch a new investiga... Humans don’t deserve this great planet. We don’t know how to take care of it. ...and,of course,the question of contaminated water! ... where to put it? ... This is about tritium. Tritium is released all over the world.