Z Holdings Agrees to Pay $1.61 Billion for Yahoo Trademark Rights in Japan
05 July 2021 - 7:40PM
Dow Jones News
By Kosaku Narioka
Z Holdings Corp. said Monday that it has agreed to pay 178.5
billion yen ($1.61 billion) to Verizon Media for trademark rights
in Japan related to Yahoo.
The operator of Yahoo! Japan said new arrangements would
terminate the existing license agreement and give the company
greater flexibility to use the Yahoo brand and licensed technology
in Japan without paying royalties.
Z Holdings said new arrangements would take effect after Apollo
Global Management Inc. completes the purchase of Yahoo and AOL
media assets from Verizon Communications Inc., which is expected in
the second half of 2021.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
July 05, 2021 05:38 ET (09:38 GMT)
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