UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
Yahoo! Inc.
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(Name of Issuer)
Common Stock, par value $0.00017 per share
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(Title of Class of Securities)
984332-10-6
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(CUSIP Number)
RONALD FISHER STEPHEN A. GRANT, ESQ.
SOFTBANK HOLDINGS INC. SULLIVAN & CROMWELL
10 LANGLEY ROAD, SUITE 403 125 BROAD STREET
NEWTON CENTER, MA 02159 NEW YORK, NY 10004
(617) 928-9300 (212) 558-4000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 28, 1999
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(Date of Event which Requires Filing of this Statement)
If a filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(continued on following pages)
Page 1 of 8 Pages
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CUSIP NO. 984332-10-6 PAGE 2 OF 8 PAGES
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK America Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 62,288,056
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
62,288,056
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,288,056
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.4%
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14. TYPE OF REPORTING PERSON
HC, CO
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CUSIP NO. 984332-10-6 PAGE 3 OF 8 PAGES
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK Holdings Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 62,288,056
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
62,288,056
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,288,056
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.4%
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14. TYPE OF REPORTING PERSON
HC, CO
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CUSIP NO. 984332-10-6 PAGE 4 OF 8 PAGES
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SOFTBANK Corp.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
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7. SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 62,393,556
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
62,393,556
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,393,556
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.5%
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14. TYPE OF REPORTING PERSON
HC, CO
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CUSIP NO. 984332-10-6 PAGE 5 OF 8 PAGES
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Masayoshi Son
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
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7. SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 62,393,556
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
62,393,556
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,393,556
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.5%
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14. TYPE OF REPORTING PERSON
IN
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SOFTBANK America Inc., a Delaware corporation ("SB America"), SOFTBANK
Holdings Inc., a Delaware corporation ("SBH"), SOFTBANK Corp., a Japanese
corporation ("SOFTBANK"), and Mr. Masayoshi Son, a Japanese citizen ("Mr. Son"
and, together with SB America, SBH and SOFTBANK, the "Reporting Persons"),
hereby amend and supplement the statement on Schedule 13D previously filed by
them, as heretofore amended and supplemented, with respect to the Common Stock,
par value $0.00017 per share (the "Common Stock"), of Yahoo! Inc., a California
corporation (the "Issuer"), beneficially owned by them, to reflect the
acquisition of additional shares of Common Stock of the Issuer in connection
with the merger of the Issuer and GeoCities, a Delaware corporation
("GeoCities"), which became effective on May 28, 1999. Except as amended and
supplemented hereby, the statement on Schedule 13D, as heretofore amended and
supplemented, remains in full force and effect.
Item 5. Interest in Securities of the Issuer.
The percentage interest held by each Reporting Person presented below
is based on the number of shares of Common Stock reported to be outstanding as
of May 28, 1999, after the merger of GeoCities and the Issuer became effective,
as communicated to the Reporting Persons by the Issuer (the "Outstanding
Shares").
SB America is a wholly-owned subsidiary of SBH, which in turn is a
wholly-owned subsidiary of SOFTBANK. Mr. Son is the President and Chief
Executive Officer of SOFTBANK and owns an approximately 43.3% interest in
SOFTBANK. Accordingly, securities owned by SB America may be regarded as being
beneficially owned by SBH; securities owned by SBH may be regarded as being
beneficially owned by SOFTBANK; and securities owned by SOFTBANK may be regarded
as being beneficially owned by Mr. Son.
On May 28, 1999, pursuant to the Agreement and Plan of Merger filed as
Exhibit 11 hereto, the merger of GeoCities and the Issuer became effective, and
each outstanding share of common stock of GeoCities was converted into 0.6768
shares of Common Stock of the Issuer. Accordingly, SB America received 4,752,999
shares of Common Stock, and SOFTBANK Technology Ventures IV L.P. and SOFTBANK
Technology Advisers Fund L.P. received 1,244,532 and 25,397 shares of Common
Stock, respectively, in exchange for GeoCities common stock previously owned by
them. By virtue of its ownership of a 50% interest in STV IV LLC, the general
partner of SOFTBANK Technology Ventures IV L.P. and SOFTBANK Technology Advisers
Fund L.P., SB America may be deemed the beneficial owner of shares owned by
SOFTBANK Technology Ventures IV L.P. and SOFTBANK Technology Advisers Fund L.P.
As of the date of the filing of this Statement, SB America beneficially
owns, and SBH, SOFTBANK and Mr. Son may be deemed to beneficially own through SB
Page 6 of 8 Pages
America, 61,018,127 shares of Common Stock. Eric Hippeau, a director of the
Issuer and Chairman and Chief Executive Officer of Ziff-Davis Inc., a subsidiary
of SBH, holds options to purchase 240,000 of these shares at $3.3125 per share
and 67,680 of these shares at approximately $10.97 per share, and Ronald D.
Fisher, Vice Chairman of SBH, holds options to purchase 11,280 of these shares
at approximately $10.97 per share. SB America may be deemed to beneficially own
an additional 1,269,929 shares of Common Stock by virtue of its ownership of a
50% interest in STV IV LLC. SOFTBANK may be deemed to own an additional 105,500
shares of Common Stock by virtue of its ownership of all of the stock of
SOFTBANK Ventures Inc., a Japanese corporation, which is the "operating
principal" under a "silent partnership agreement" (a so-called tokumei kumiai
keiyaku) under Japanese law and has voting power and investment power over such
105,500 shares. Mr. Son may also be deemed to be an indirect beneficial owner of
such 105,500 shares beneficially owned by SOFTBANK by virtue of Mr. Son's
ownership interest in SOFTBANK. The total beneficial ownership of SB America and
SBH amounts to 62,288,056 shares of Common Stock, which represents approximately
27.4% of the outstanding Common Stock, and the total beneficial ownership by
SOFTBANK and Mr. Son amounts to 62,393,556 shares of Common Stock, which
represents approximately 27.5% of the outstanding Common Stock.
Item 7. Material to be filed as Exhibits.
11. Agreement and Plan of Merger, dated as of January 27, 1999, by and among
the Issuer, Home Page Acquisition Corp. and GeoCities (without exhibits).
(Filed as Exhibit 1 to the Statement on Schedule 13D filed by the Issuer
on February 8, 1999 with respect to Common Stock of GeoCities and
incorporated herein by reference.)
12. Agreement of Joint Filing, dated as of January 11, 1999, among SB America,
SBH, SOFTBANK, Mr. Son and SOFTBANK Ventures, Inc. (Filed as Exhibit 6 to
Amendment No. 1 to the Statement on Schedule 13D filed on January 12, 1999
by SOFTBANK and others with respect to the Common Stock of the Issuer and
incorporated herein by reference.)
13. Power of Attorney by SOFTBANK and Mr. Son. (Filed with Statement on
Schedule 13G filed on February 17, 1998 by SOFTBANK, Mr. Son and SOFTBANK
Ventures, Inc. with respect to the Common Stock of Concentric Network
Corporation and incorporated herein by reference.)
Page 7 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: June 9, 1999
SOFTBANK AMERICA INC.
By: /s/ Stephen A. Grant
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Secretary
SOFTBANK HOLDINGS INC.
By: /s/ Stephen A. Grant
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Secretary
SOFTBANK CORP.
By: /s/ Stephen A. Grant
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Attorney-in-fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
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Attorney-in-fact
Page 8 of 8 Pages