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A new Yahoo! at Confluence Tech Center

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WENATCHEE — Yahoo! Inc, which has leased space at the Confluence Technology Center since 2006, has agreed to pay the Port of Chelan County $1 million to transfer the lease to a Japanese corporate partner.

Port commissioners Wednesday approved the lease assignment to YJ America Inc, a U.S. subdivision of Yahoo! Japan.

The Japanese corporation is a joint venture operating independently from Yahoo! Inc., in which Yahoo! Inc. has a minority ownership interest, Suzanne Philion, a spokeswoman for Yahoo! Inc…

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