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Yahoo! Japan Buys Toshiba's Online News Search Units

March 24th, 2006 | 658 Views RSS Feed



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Forbes confirmed that Yahoo! Japan agrees to buy the new search and clipping service NewsWatch, Inc. from Toshiba. With this deal, Yahoo! Japan would acquire 69 percent of the 89 percent Toshiba's share in NewsWatch.
 
Besides this, other NewsWatch investors are Dentsu Inc, Toppan Printing Co Ltd, and Mitsui and Co.
 
This is second major deal by Yahoo! Japan firm. Recently, Yahoo! Japan's parent company Softbank bought the Japanese leg of Vodafone. This aquisition would bring some intersting initiatives and innovative mobile search in the Japanese search market from Yahoo! & Vodafone.
 

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