Yahoo Japan to launch bid for online retailer Zozo: NHK

“Zozo shares jumped as much 19% in early Tokyo trading with Yahoo Japan shares up around 4%” reports TOKYO (Reuters) – Yahoo Japan Corp <4689.T> said on Thursday it aims to buy 50.1% online fashion retailer Zozo Inc <3092.T> for about 400 billion yen (3.01 billion pounds), joining forces to better compete with rivals such as Inc and Rakuten Inc <4755.T>.

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