I’m still gathering information, but it looks like Yahoo! Japan is making a hostile take-over bid for ValueCommerce Japan.
Each ValueCommerce share is worth 260,571 yen.
There’s 41971 shares outstanding (54.85%).
That makes the total shares outstanding to be about 111 oku-yen. Double that figure (basically) to get the valuation of ValueCommerce at about $200 million.
ヤフーもTOB仕掛ける！–バリューコマースを子会社化しアフィリエイト参入 – CNET Japan
Its not a hostile bid.. quite friendly actually. And the press release isn’t entirely correct since it doesn’t take into consideration the outstanding stock options which would make Yahoo’s total ownership lower than 50%.