TOKYO -- Japanese office supplies vendor Askul has proposed ending its partnership with No. 1 shareholder Yahoo Japan, following Yahoo's announcement that it will vote against the reappointment of Askul chief executive Shoichiro Iwata next month.
Yahoo owns 45% of the Tokyo-listed Askul, making it a consolidated subsidiary. Askul is now talking with several companies and investment funds in an effort to find an alternative to Yahoo.
