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SoftBank's Yahoo Japan, Line Corp announce merger

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Japanese telco SoftBank Corp on Monday announced plans to merge its internet unit Yahoo Japan with messaging app operator Line Corp as it scoops ...

TOKYO: Japanese telco SoftBank Corp on Monday announced plans to merge its internet unit Yahoo Japan with messaging app operator Line Corp as it scoops up troubled internet companies to bulk up against rivals like Rakuten Inc .

SoftBank said in a statement that Yahoo Japan, which last month changed its name to Z Holdings , will merge with Line in a deal to be completed by October 2020.

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