Yahoo! Japan is no longer acquiring eAccess from SoftBank

Posted May 19, 2014

Yahoo Japan is no longer going to buy mobile network operator eAccess Ltd from SoftBank Corp in a 324 billion yen ($3.2 billion) deal that was part of a reorganization of SoftBank group assets.

Yahoo Japan is the largest Internet portal in Japan and is 42.6% owned by SoftBank. Yahoo Japan will proceed with a planned low-cost mobile Internet service using the eAccess mobile network.

eAccess will merge with SoftBank unit and wireless provider Willcom on June 1st.