Yahoo contemplating $17 billion proposal to sell most of it’s holdings in China, Japan

Yahoo appears to be getting closer to giving its frustrated shareholders something they’ve long wanted: a sale of the Internet company’s holdings in China and Japan.

The prospect of Yahoo Inc. finally consummating a deal with China’s Alibaba Group and Softbank Corp., the controlling owner of Yahoo Japan, emerged in online reports published Wednesday by The New York Times and The Wall Street Journal.

Citing unnamed people familiar with the matter, both newspapers reported Yahoo is exploring a proposal valued at about $17 billion, or $14 per share. The price reflects Wall Street’s belief that Yahoo’s investments in Alibaba Group and Yahoo Japan have become the company’s most valuable pieces. Yahoo’s U.S. business has lost its luster as the company’s website loses traffic and advertising revenue to Internet search leader Google Inc. and Facebook’s social network.

Read the rest of the story: Reports: Yahoo examining complex $17 billion proposal to sell most holdings in China, Japan.

Yahoo in talks to sale stake in Yahoo Japan to Softbank

Yahoo Inc is in advanced talks to exit its joint venture in Japan with SoftBank Corp, a move that could lead it to focus on reaching a decision on its China assets.

A deal to transfer Yahoos 35 percent stake in Yahoo Japan to telecommunications company and investor SoftBank could come within a few weeks, people with knowledge of the discussions said. The public value of the stake is just under $7.5 billion.A straightforward sale is unlikely for tax reasons and the parties are exploring other structures, these people said. A deal has not yet been reached and could yet fall apart.

When asked for comment, a SoftBank spokesman said there was "no truth" to claims that Yahoo was planning to sell its stake back to SoftBank, but declined to comment on discussions.Shares of Yahoo Japan rose 8 percent and Softbank shares fell as much as 4 percent on the Tokyo stock exchange after the Reuters report.

Read the rest of the story: Exclusive: Yahoo in talks to exit Japan, sources say.