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Yahoo to Acquire Online Fashion Mall Operator Zozo

Yahoo to Acquire Online Fashion Mall Operator Zozo

   Tokyo, Sept. 12 (Jiji Press)--Internet portal Yahoo Japan Corp. <4689> said Thursday that it will acquire online fashion marketplace operator Zozo Inc. <3092> for around 400 billion yen.
   Yahoo Japan, a subsidiary of Softbank Corp. <9434>, will spend the amount to take a 50.1 pct equity stake in Zozo in a tender offer, aiming to make it a subsidiary by year-end. The offer will open in early October at a price of 2,620 yen a share.

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