SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549



                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934

                               (Amendment No. 2)*


                                   Yahoo! Inc.

                                (Name of Issuer)


                                  Common Stock

                         (Title of Class of Securities)


                                   984332-10-6

                                 (CUSIP Number)




         Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

*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).


                                Page 1 of 3 pages



- ---------------------
CUSIP NO. 984332-10-6
- ---------------------
- ------------------------------------------------------------
 1.      NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                             SOFTBANK Holdings Inc.
- ------------------------------------------------------------
 2.      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                   (a)  [  ]

                                                   (b)  [  ]
- ------------------------------------------------------------
 3.      SEC USE ONLY


- ------------------------------------------------------------
 4.      CITIZENSHIP OR PLACE OF ORGANIZATION
                           Delaware Corporation
- ------------------------------------------------------------
                           5.       SOLE VOTING POWER
  NUMBER OF                13,922,842 Shares Common*
    SHARES          ----------------------------------------
BENEFICIALLY               6.       SHARED VOTING POWER
  OWNED BY
    EACH            ----------------------------------------
 REPORTING                 7.       SOLE DISPOSITIVE POWER
   PERSON                           13,922,842 Shares Common
    WITH            ----------------------------------------
                           8.       SHARED DISPOSITIVE POWER

- ------------------------------------------------------------
 9.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON
                           13,922,842 Shares
- ------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES
                                                        [  ]
- ------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                           32.30%
- ------------------------------------------------------------
12.      TYPE OF REPORTING PERSON

                           Corporation
- ------------------------------------------------------------

- --------
*    As a result of a 3-for-2 stock split effective August 11, 1997, Reporting
     Person held 14,272,842 shares (it originally owned 9,515,228 shares) and
     sold 350,000 shares on December 31,1997.


                                Page 2 of 3 pages



                  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.

February 6, 1998                            SOFTBANK HOLDINGS INC.



                                                 /s/ Stephen Grant
                                             By: Stephen Grant, Secretary


                                Page 3 of 3 pages