Tuesday, April 24, 2012

Reuters: Technology News: Yahoo Japan, Yahoo Inc end talks on share buyback

Reuters: Technology News
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Yahoo Japan, Yahoo Inc end talks on share buyback
Apr 24th 2012, 08:15

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A website of Yahoo Japan Corp is seen on a computer screen in Tokyo August 19, 2009. REUTERS/Stringer

A website of Yahoo Japan Corp is seen on a computer screen in Tokyo August 19, 2009.

Credit: Reuters/Stringer

TOKYO | Tue Apr 24, 2012 3:28am EDT

TOKYO (Reuters) - Yahoo Japan Corp has discussed a possible share buyback from key shareholder Yahoo Inc, but no agreement has been reached, Yahoo Japan Chief Financial Officer Toshiki Ohya said on Tuesday.

Yahoo Japan may consider buying back its shares from Yahoo if the terms are right, Ohya told reporters. The U.S. Internet pioneer is under pressure to free up cash for shareholders and simplify its ownership structure.

(Reporting by Reiji Murai; Editing by Edmund Klamann)

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