Yahoo Japan’s Bid for Yume Stands

Tokyo, April 3 (Jiji Press)–Yahoo Japan Corp. said Tuesday it will increase its stake in Yume No Machi Souzou Iinkai Co. , an operator of Internet sites for door-to-door food delivery and other services, to 41.84 pct as a result of a successful tender offer.

Yahoo will spend 1,283 million yen to acquire 3,200 shares out of 4,487 shares tendered.

The two companies plan to jointly develop Internet sites.

Yahoo said it has no plans to increase its stake in Yume. Yume is listed on the Osaka Securities Exchange’s Hercules market for startup firms.END

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