May 8, 2019 / 7:42 AM / 2 months ago

SoftBank Corp to buy $4 billion worth of new shares from Yahoo Japan

SoftBank Corp. placard is prepared during a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato/Files

TOKYO (Reuters) - Japan’s SoftBank Corp said on Wednesday it would buy 456.5 billion yen ($4.15 billion) worth of new shares to be issued by Yahoo Japan Corp, boosting its stake to 44.64 percent from 12.08 percent.

($1 = 110.0900 yen)

Reporting by Takashi Umekawa; Editing by Chang-Ran Kim

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