Ebay ponders options for Japanese business - FT
LONDON, Jan 11 (Reuters) - Online auction firm Ebay (NasdaqNM:EBAY - news) is considering what to do with its Japanese operations, including selling them, forming a joint venture or making an acquisition to increase its scale in Japan, where rival Yahoo (NasdaqNM:YHOO - news) dominates, the Financial Times reported on Friday.
The paper said one option was for Ebay to acquire or merge with Yahoo Japan's auction operation. Ebay could use its highly rated shares or dip into its cash holdings of about $1 billion.
It quoted Matthew Bannick, senior vice president of Ebay's international operations, saying Japan had been a significant disappointment for the company and it was reviewing its options.
The FT said Ebay, which reports results next week, claims it is market leader in all of its other 17 international markets, including Germany, France, the UK, Canada and Korea.
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