Reducing reliance on licenses through the acquisition of Yahoo! JAPAN trademarks and technology
First written in FY2022-Q1. 1 of 4 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2023-Q1.
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- FY2023-Q1Cited as achievedAnnual report
「Adjusted EBITDA reached a record ¥86.5 billion for the cumulative first quarter of the current consolidated fiscal year, up 0.2% year on year, despite higher expenses at the LINE Group and elsewhere, owing to higher revenue and the elimination of royalty payments following the termination of the Yahoo! JAPAN License Agreement, among other factors.」
The elimination of royalty payments following the termination of the license agreement and acquisition of the rights in September 2021 was cited as a factor contributing to record-high adjusted EBITDA. - FY2022-Q3RestatedAnnual report
「Under this agreement, the “Yahoo Japan License Agreement” ended on 22 September 2021. There were also no changes to the following terms and other matters agreed under the basic agreement announced in the 5 July 2021 press release regarding the “Yahoo Japan License Agreement.”」
The company has reconfirmed that there were no changes to the terms of the transaction involving the termination of the previous license agreement on 22 September 2021 and the acquisition of perpetual rights to the trademarks and technologies. - FY2022-Q2AchievedAnnual report
「Under this agreement, the “Yahoo Japan License Agreement” ended on 22 September 2021. There were also no changes to the following terms and other matters agreed under the basic agreement announced in the 5 July 2021 press release regarding the “Yahoo Japan License Agreement.”」
The final agreement was executed on 7 September 2021, and the previous agreement ended on 22 September. The transaction to acquire the Japanese trademark rights to Yahoo! and Yahoo! JAPAN and perpetual rights to use the technologies covered by the previous license, among other rights, for ¥178.5 billion was completed. - FY2022-Q1First statedAnnual report
「As announced in a press release posted on its website dated 5 July 2021, Yahoo Japan Corporation entered into a basic agreement relating to the “Yahoo Japan License Agreement” on 30 June 2021. Subject to conditions precedent including completion of the sale of Verizon Media, scheduled for the second half of 2021, Oath Holdings, Inc., the counterparty to the existing “Yahoo Japan License Agreement,” and Yahoo Japan Corporation agreed to enter into a new agreement and terminate the “Yahoo Japan License Agreement.” The consideration for this transaction was ¥178.5 billion.」
The company acquired the Japanese trademark rights to Yahoo! and Yahoo! JAPAN and perpetual rights to use the technologies covered by the previous license, among other rights, and entered into a basic agreement to terminate the existing license agreement. The transaction was subject to conditions including completion of the sale of Verizon Media, and the consideration was ¥178.5 billion.