05 September 2002

Yahoo repurchases its shares for 100 Million dollars

Sunnyvale, CA -- Aug. 29, 2002 -- Yahoo! Inc. (Nasdaq:YHOO - News), a leading global Internet company, today announced that it has repurchased 11,074,197 shares of its common stock from SOFTBANK America, Inc. for approximately $100 million.

"This transaction demonstrates Yahoo!'s belief that we are well-positioned to deliver long-term growth and profitability by executing against our business plan, and is consistent with our commitment to enhance long-term shareholder value," said Susan Decker, chief financial officer, Yahoo! Inc.

"We continue to have great confidence in the future strategic direction and the growth prospects for Yahoo!," said Ron Fisher, vice chairman of SOFTBANK Holdings, Inc. "SOFTBANK's sales are consistent with our intention to diversify our holdings through occasional sales of stock in our portfolio companies and our need to fund our broadband operations in Japan."

Yesterday, SOFTBANK America, Inc. also sold 30 million shares of Yahoo! common stock through a combination of private and open market transactions. SOFTBANK's aggregate ownership of Yahoo! now stands at approximately seven percent of the issued and outstanding common stock.

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