Japanese Billionaire Cashes Out of Online Fashion—Next Stop? The Moon - The Wall Street Journal

TOKYO—The Japanese billionaire who wants to fly around the moon on Elon Musk’s spaceship is cashing out of his online fashion business back on earth by selling control to Yahoo Japan Corp.

Yahoo Japan plans to take a 50.1% stake in Yusaku Maezawa’s Zozo Inc., which operates a popular fashion site in Japan, paying about $3.7 billion, the companies said Thursday.

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https://www.wsj.com/articles/japanese-billionaire-cashes-out-of-online-fashionnext-stop-the-moon-11568255520

2019-09-12 02:49:00Z
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