Yahoo 2006 Annual Report Download - page 108

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Note 16 RELATED PARTY TRANSACTIONS
The Company and other third parties are limited partners in Softbank Capital Partners LP (“Softbank Capital”), a
venture capital fund which is an affiliate of SOFTBANK. A Managing Partner of Softbank Capital is also a member
of the Company’s Board of Directors. The total investment by the Company in Softbank Capital is approximately
$36 million and represents less than a 5 percent holding in Softbank Capital. A significant portion of this investment
has been impaired by the Company, with the remaining value included on the consolidated balance sheets in other
assets. Pursuant to the Partnership Agreement, the Company invested on the same terms and on the same basis as all
other limited partners.
Revenue from related parties, excluding Yahoo! Japan and Alibaba, represented approximately 1 percent of the total
revenue in the years ended December 31, 2004, 2005, and 2006. Management believes that prices on agreements
with related parties were comparable to those with other similarly situated customers of the Company.
See Note 4 — “Investments in Equity Interests” for additional information related to transactions involving Yahoo!
Japan and Alibaba.
Note 17 SUBSEQUENT EVENTS
Stock Repurchase Transactions. Subsequent to December 31, 2006, the Company repurchased approximately
14 million shares of its common stock under the current stock repurchase program at an average price of $29.97 per
share, for a total of $408 million.
Intellectual Property Rights. In February 2007, the Company committed to invest up to $200 million through July
2008 to acquire rights to intellectual property. License payments associated with the acquired rights will be
amortized over the useful life of the related intellectual property.
98
Yahoo! Inc.
Notes to Consolidated Financial Statements — (Continued)