Bulletin
Investor Alert

Market Pulse Archives

Sept. 11, 2019, 10:29 p.m. EDT

Yahoo Japan looks to buy Japan's Zozo for $3.7 billion: reports

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Z Holdings Corp. (4689)
  • X
    ZOZO Inc. (3092)
  • X
    Amazon.com Inc. (AMZN)

or Cancel Already have a watchlist? Log In

By Mike Murphy

Yahoo Japan Corp. /zigman2/quotes/207641152/delayed JP:4689 -2.32% intends to buy a majority stake in Japanese online fashion retailer Zozo Inc. /zigman2/quotes/206072585/delayed JP:3092 -0.17% for about $3.7 billion, according to multiple reports Wednesday. Nikkei Asian Review reported Yahoo Japan plans to purchase 50.1% of Zozo and make it a subsidiary. Zozo founder and CEO Yusaku Maezawa has stepped down, and Reuters reported he will sell his 30% stake in the company. The move will allow Yahoo Japan to compete in e-commerce with Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -4.13% and Japan-based Rakuten Inc. /zigman2/quotes/201861450/delayed JP:4755 -1.15% . Reports said the billionaire Maezawa will shift his focus to pursuing his many personal interests. In 2017 he bought a Basquiat painting for a record $110.5 million, and last year SpaceX announced he will be the first space tourist to fly to the moon.

/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 674.00
-16.00 -2.32%
Volume: 6.72M
Sept. 24, 2020 11:30a
P/E Ratio
41.66
Dividend Yield
1.31%
Market Cap
¥3239.34 billion
Rev. per Employee
¥77.26M
loading...
/zigman2/quotes/206072585/delayed
JP : Japan: Tokyo
¥ 2,901.00
-5.00 -0.17%
Volume: 474,200
Sept. 24, 2020 11:30a
P/E Ratio
42.58
Dividend Yield
1.28%
Market Cap
¥846.58 billion
Rev. per Employee
¥129.74M
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 2,999.86
-129.13 -4.13%
Volume: 5.65M
Sept. 23, 2020 4:00p
P/E Ratio
115.31
Dividend Yield
N/A
Market Cap
$1567.28 billion
Rev. per Employee
$359,671
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,206.00
-14.00 -1.15%
Volume: 3.12M
Sept. 24, 2020 11:30a
P/E Ratio
N/A
Dividend Yield
0.37%
Market Cap
¥1605.44 billion
Rev. per Employee
¥74.20M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.