April 27, 2012 / 7:16 AM / 5 years ago

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

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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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