TOKYO, March 28 Shares in Yahoo Japan Corp
slumped 10.2 percent to a near four-month low on Friday
after it said it will buy mobile network operator eAccess from
Japanese wireless carrier Softbank Corp for 324 billion
yen ($3.17 billion).
"Yahoo is a content provider. What are they picking up
spectrum for?" a Tokyo-based senior trader at a foreign bank
said. "This is a very much non-core business. It doesn't make
much rational sense for them."
Yahoo Japan shares were the fifth-most traded on the main
board, while SoftBank, down 2.7 percent at 7,604 yen, was the
most-traded. The benchmark Nikkei average was off 0.5
($1 = 102.1350 Japanese Yen)
(Reporting by Dominic Lau; Editing by Edmund Klamann)