Business
Transfer of SOFTBANK IDC to Y
Transfer of SOFTBANK IDC to Y.
About this update from Satsuma Technology Plc
[{"type":"text","content":"\n RNS Number : 5965N Softbank Corp 19 February 2009 \n \nFebruary 19, 2009\n\nTransfer of Subsidiary to Yahoo Japan Corporation Towards the Establishment of Strategic Base for the Next Generation Internet business\n\nSOFTBANK CORP., (hereafter 'the Company') announces that the shares of its wholly-owned subsidiary, SOFTBANK IDC Solutions Corp. (Head office; Shinjuku-ku, Tokyo, Representative; Yutaka Shinto, company name changed from SOFTBANK IDC Corp. on February 2, 2009) will be transferred to its consolidated subsidiary, Yahoo Japan Corporation (Head office; Minato-ku, Tokyo, Representative; Masahiro Inoue, hereafter 'Yahoo! JAPAN'). \n \nThe decision this time will enable the early establishment of the SOFTBANK Group's strategic base for the next generation Internet business, and allow it to make further efforts towards sustainable growth and enhancement of competitiveness of the Internet business and data center business through maximizing the synergy effect of the Group.\n\n1. Summary of 3 companies \nThe Company is the holding company of the SOFTBANK Group with 105 consolidated subsidiaries and 78 equity-method affiliates. Main subsidiaries are; SOFTBANK MOBILE Corp., a mobile communications business operator, SOFTBANK BB Corp., a broadband infrastructure business operator, SOFTBANK TELECOM Corp., a fixed-line telecommunications operator and Yahoo Japan Corporation, an Internet Culture business operator. Setting the Internet at the core of its business base, the Company is endeavoring towards the IT revolution. \n\nYahoo Japan Corporation is a subsidiary of the Company founded in January 1996 as a joint venture with Yahoo! Inc. in the U.S. Since its launch of the information search service in Japanese in April 1996 (service name: Yahoo! JAPAN), the service became the center of commercial Internet services in Japan, and ranks overwhelmingly as number 1 with a total monthly page view of 43,365 million and a unique browser number of 189.32 million as of January 2009. \n\nSOFTBANK IDC Solutions Corp. was founded in November 1991. It has been in business for 22 years as a pioneer in the data center business i...