Yahoo Buying Full Ownership Of Yahoo UK, Germany, France & Korea

Yahoo buy stakes in European, Korean portals from the Associated Press covers Yahoo spending about $500 million to acquire full ownership of Yahoo sites in the UK, France, Germany and Korea. In these countries, Softbank currently holds a 30 to 33 percent share of each country-specific portal. Yahoo said the move shows the confidence it has in its international business activities. The deals are set to complete by the end of the year.