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Business deals

Fashion first in line with Yahoo Japan's other billion dollar deal

Closing of Softbank-backed $3.6 billion Zozo merger has other pros and cons

From left, Yahoo Japan CEO Kentaro Kawabe, Zozo's new CEO Kotaro Sawada, and Zozo founder Yusaku Maezawa at a Tokyo news conference in September. (Photo by Ken Kobayashi)

TOKYO -- Two weeks ago, SoftBank CEO Masayoshi Son unveiled a group loss of $6.4 billion, pledged to be more careful but also promised "no change in policy" when it came to deal-making.

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