Tokyo – Yahoo (NASD: YHOO) is in "advanced talks" to sell off
its 35% stake in Yahoo Japan — estimated to be worth $8 billion — to joint
venture partner Softbank, Reuters reports.

Such a deal could reportedly come
within a few weeks, sources told Reuters.

Softbank, which holds 42% of Yahoo
Japan, said in a statement that it is not in talks with Yahoo and has no
intention to buy out the company’s stake.

The freeing up of some $8 billion by Yahoo would be a welcome move to investors, analysts told Reuters. 


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