Z Holdings Agrees to Pay $1.61 Billion for Yahoo Trademark Rights in Japan [telecom]

By Kosaku Narioka

Z Holdings Corp. said Monday that it has agreed to pay 178.5 billion yen ($1.61 billion) to Verizon Media for trademark rights in Japan related to Yahoo.

The operator of Yahoo! Japan said new arrangements would terminate the existing license agreement and give the company greater flexibility to use the Yahoo brand and licensed technology in Japan without paying royalties.

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