Commencement of Tender Offer by a Subsidiary (Yahoo Japan Corporation)

SoftBank Corp.

Yahoo Japan Corporation (the first section of the Tokyo Stock Exchange, code 4689, “Yahoo Japan”), a subsidiary of SoftBank Corp. (the “Company”), has resolved as set out in the attached at its board of directors meeting on August 7, 2014, to commence a tender offer (the “Tender Offer”) as a part of a transaction to make Synergy Marketing, Inc. (JASDAQ Standard; code 3859, “Synergy Marketing”) a wholly-owned subsidiary of Yahoo Japan by acquiring all of its common stock, excluding treasury stock held by Synergy Marketing but including common stock to be issued upon the exercise of the stock acquisition rights, and all of its stock acquisition rights.

The impact of the Tender Offer on the Company's consolidated results of operations will be minor.

Outline of Yahoo Japan

Address9-7-1, Akasaka, Minato-ku, Tokyo
Name and title of the representativeManabu Miyasaka, president and CEO
Business description
  • Internet advertising business
  • E-commerce business
  • Members services business
  • Other businesses
Common stockJPY 8,276 million
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