Yahoo in talks to sell its share of Yahoo Japan for $8 billion

Reuters is reporting that Yahoo! is in advanced talks to sell its 35 percent stake in Yahoo Japan to Softbank Corp, which already controls 42 percent of the unit. It will free up as much as $8 billion to fight Google and Facebook.

It is not clear what Yahoo is likely to do in China, where it owns about 40 percent of prominent Internet company, Alibaba Group, the parent company of Softbank also owns a stake in Alibaba.

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Japan, Tokyo

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