Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Business deals Yahoo Japan to buy online fashion giant Zozo for $3.7bn Retailer's founder and CEO Maezawa steps down from management Zozo founder and CEO Yusaku Maezawa is expected to pursue personal interests after the sale of his business. (Photo by Ken Kobayashi)
TAKUYA IMAI and YUKI HANAI, Nikkei staff writers September 12, 2019 07:22 JST Updated on September 12, 2019 12:49 JST | Japan
Yahoo Japan plans to buy the operator of the country's largest online fashion retailer, Zozo, the two companies announced on Thursday.
Yahoo Japan, part of the
SoftBank Group, plans to tender an offer to acquire 50.1% of Zozo shares and make the company a subsidiary. The deal will be worth up to 400 billion yen ($3.7 billion). Take your reading anywhere with offline reading functions Never miss a story with breaking news alerts Customize your reading experience
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