Yahoo Japan to buy 42.6 pct stake in Askul for $400 mln

TOKYO, April 27 Fri Apr 27, 2012 3:13am EDT

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TOKYO, April 27 (Reuters) - Yahoo Japan said on Friday that it would buy a 42.6 percent stake in Askul for 33 billion yen ($408 million).

Yahoo Japan said it wanted to carry out electronic commerce through a capital tie-up with stationary retailer Askul.

($1 = 80.79 Japanese yen) (Reporting by Mayumi Negishi and Shinichi Saoshiro)

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