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(Update) Yahoo to Acquire Online Fashion Retailer Zozo

(Update) Yahoo to Acquire Online Fashion Retailer 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 up to 400 billion yen.
   Yahoo Japan, a unit of Softbank Group Corp. <9984>, aims to acquire a stake of up to 50.1 pct in Zozo in a tender offer designed to better compete with rivals Amazon.com Inc. and Rakuten Inc. <4755>. Zozo will remain publicly traded.

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