a-week-in-tech-may-2329

A week in tech, May 23-29

A roundup of all the latest tech news.
Japan

Internet
ò Softbank revealed that it has no plans to sell a stake in Yahoo Japan, a move that is seen as possibly blocking efforts by Yahoo to increase its holding. Sources said Softbank's rejection may prevent Yahoo from increasing its stake in the operator of Japan's most-visited web site, as only about 25 percent of the stock trades publicly. Softbank and Yahoo control a combined 74.5 percent in Softbank, just under a Tokyo exchange rule limiting majority shareholders to 75 percent ownership.

MobileWireless
ò According to Felica Networks, the number of people with so-called mobile wallet phones in Japan is predicted to go beyond the 50 million mark by early...
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