Yahoo Japan sought merger with Yahoo before Verizon deal

Yahoo Japan sought merger with Yahoo before Verizon deal

Yahoo Japan Corp. employees speak to a customer in front of the company's logo at its headquarters in Tokyo, Japan, on Tuesday, June 18, 2013. Yahoo Japan, operator of the country's most-visited Web portal, targets at least 10 percent gain in revenue from advertisement this fiscal year on corporate demand, as the economy shows signs of improvement. Photographer: Akio Kon/Bloomberg

Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc. — but was rebuffed — during a months-long process that eventually led to Verizon Communications Inc. acquiring the U.S. internet company’s core assets for more than $4.8 billion, according to a regulatory filing detailing the sales effort.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter