Yahoo Japan offers to buy control of Zozo for $3.7 billion

TOKYO (Reuters) - Yahoo Japan Corp said on Thursday it aims to buy 50.1% online fashion retailer Zozo Inc for about 400 billion yen (3.01 billion pounds), joining forces to better compete with rivals such as Amazon.com Inc and Rakuten Inc .Zozo founder Yusaku Maezawa will sell around 30% of the retailer in a tender offer to Yahoo Japan, leaving him with a stake of about 6%, and step down as CEO of the company, which has struggled following a series of botched initiatives by the flamboyant..