-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LnRzn+IqCCWycSfq86ZPUAS5QaBOVmys/59Ngjk4bp7x1X8edHF1KZ10fXIkQ35+ AuErPUclpF7lypulleBvEQ== 0000891836-99-000844.txt : 19991125 0000891836-99-000844.hdr.sgml : 19991125 ACCESSION NUMBER: 0000891836-99-000844 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991124 GROUP MEMBERS: MASAYOSHI SON GROUP MEMBERS: SOFTBANK AMERICA INC GROUP MEMBERS: SOFTBANK CORP. GROUP MEMBERS: SOFTBANK HOLDINGS INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YAHOO INC CENTRAL INDEX KEY: 0001011006 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 770398689 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-48989 FILM NUMBER: 99764076 BUSINESS ADDRESS: STREET 1: 3420 CENTRAL EXPRESSWAY STREET 2: SUITE 201 CITY: SANTA CLARA STATE: CA ZIP: 95051 BUSINESS PHONE: 4087313300 MAIL ADDRESS: STREET 1: 635 VAQUEROS AVE CITY: SUNNYVALE STATE: CA ZIP: 94086 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOFTBANK AMERICA INC CENTRAL INDEX KEY: 0001076468 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 300 DELAWARE AVENUE STREET 2: SUITE 900 CITY: WILMINGTON STATE: DE ZIP: 19801 MAIL ADDRESS: STREET 1: 300 DELAWARE AVENUE STREET 2: SUITE 900 CITY: WILMINGTON STATE: DE ZIP: 19801 SC 13D/A 1 SCHEDULE 13D, AMENDMENT NO. 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5)* Yahoo! Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 984332-10-6 - -------------------------------------------------------------------------------- (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 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 29, 1999 - -------------------------------------------------------------------------------- (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 13D - --------------------- ----------------- CUSIP NO. 984332-10-6 PAGE 2 OF 8 PAGES - --------------------- ----------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK America Inc. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 61,017,167 REPORTING -------------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 61,017,167 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 61,017,167 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.2% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC, CO - ------------------------------------------------------------------------------- 13D - --------------------- ----------------- CUSIP NO. 984332-10-6 PAGE 3 OF 8 PAGES - --------------------- ----------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK Holdings Inc. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 61,017,167 REPORTING -------------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 61,017,167 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 61,017,167 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.2% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC, CO - ------------------------------------------------------------------------------- 13D - --------------------- ----------------- CUSIP NO. 984332-10-6 PAGE 4 OF 8 PAGES - --------------------- ----------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK Corp. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 61,122,167 REPORTING -------------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 61,122,167 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 61,122,167 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.2% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC, CO - ------------------------------------------------------------------------------- 13D - --------------------- ----------------- CUSIP NO. 984332-10-6 PAGE 5 OF 8 PAGES - --------------------- ----------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Masayoshi Son - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 61,122,167 REPORTING -------------------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 61,122,167 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 61,122,167 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.2% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- 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 $0.001 per share (the "Common Stock"), of Yahoo! Inc., a California corporation (the "Issuer"), beneficially owned by them. 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 upon 263,240,287 shares of Common Stock reported as outstanding as of October 31, 1999 in the Issuer's Form 10-Q report for the quarter ended September 30, 1999. 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 38.3% 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 October 29, 1999, 1,244,532 shares of Common Stock owned by SOFTBANK Technology Ventures IV L.P. and 25,397 shares of Common Stock owned by SOFTBANK Technology Advisers Fund L.P. were distributed to the partners of these partnerships. STV IV LLC, the general partner of each of these partnerships, received its pro rata share of these distributions, and it in turn distributed the shares it received to its members, including SB America as the owner of a 50% interest in STV IV LLC. As a result, SB America received 29,040 shares of Common Stock which it now holds directly, and it no longer beneficially owns indirectly the 1,269,929 shares of Common Stock previously owned by SOFTBANK Technology Ventures IV L.P. and SOFTBANK Technology Advisers Fund L.P. In addition, on October 11, 1999 an option to purchase 240,000 shares of Common Stock at $3.125 per share granted by SBH to an executive on December 13, 1996 was exercised to the extent of 30,000 shares of Common Stock. 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 America, 61,017,167 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 210,000 of these shares at $3.3125 per share and 67,680 of these shares at Page 6 of 8 Pages 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. 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 61,017,167 shares of Common Stock, which represents approximately 23.2% of the outstanding Common Stock, and the total beneficial ownership by SOFTBANK and Mr. Son amounts to 61,122,167 shares of Common Stock, which represents approximately 23.2% of the outstanding Common Stock. Item 7. Material to be filed as Exhibits. -------------------------------- 14. 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.) 15. 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: November 23, 1999 SOFTBANK AMERICA INC. By: /s/ Stephen A. Grant ---------------------- Secretary SOFTBANK HOLDINGS INC. By: /s/ Stephen A. Grant ---------------------- Secretary SOFTBANK CORP. By: /s/ Stephen A. Grant ---------------------- Attorney-in-fact MASAYOSHI SON By: /s/ Stephen A. Grant ---------------------- Attorney-in-fact Page 8 of 8 Pages -----END PRIVACY-ENHANCED MESSAGE-----