Yahoo Japan to buy eAccess telecom

Internet giant Yahoo Japan said Thursday it would buy almost all of domestic telecom company eAccess from its parent Softbank Corp. in a deal valued at around $3.2 billion. Yahoo Japan, a unit of the Japanese mobile phone and Internet service company Softbank, said the deal was aimed at further growth in its Internet services through smartphones and tablets. By acquiring 99.68 percent of the telecom company, Yahoo Japan would be able to integrate Internet and mobile businesses. "We will remain true to our two companies' DNA. We will continue to be wild and challenge the status quo," Yahoo Japan president Manabu Miyasaka said, according to AFP.