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11/18/2019, 2:07 AM (Source: TeleTrader)
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Yahoo Japan announces merger with Line

Yahoo Japan, which has recently been renamed Z Holdings, and the Asian country's most popular messaging app Line reached an agreement to merge, Yahoo Japan's parent company SoftBank Corp. announced.

SoftBank, Z Holdings, Line and its parent Naver noted they are still in discussions on the terms of the deal and are expected to sign the definitive agreement next month, with the transaction expected to be completed by October 2020.

The companies also confirmed earlier reports that the combined company will have equal stakes belonging to Softbank and Naver.

Breaking the News / NP