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Yahoo Japan Surges on Verizon Interest in Yahoo's Stake

Yahoo Japan Corp. shares rose the most in more than eight months on news that Verizon Communications Inc. is willing to buy Yahoo Inc.’s stake in the Japanese Web company as part of a bid for the business.

Verizon made the offer to include Yahoo Japan to help sweeten the offer, people familiar with the matter said on Thursday. Shares in the Japanese Internet portal were up as much as 7.5 percent to 489 yen at 1:22 p.m. in Tokyo.

Yahoo said it would explore strategic alternatives, including selling its main Internet operations, earlier this year after scrapping a long-time plan to spin off its valuable Asian assets. The U.S. company’s stock has...