TOKYO: Japan's SoftBank plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a US$30 billion tech giant, as it bags struggling internet companies to bulk up against rivals like Rakuten.
SoftBank and Naver, which owns 73 per cent of money-losing Line, plan to launch a tender offer for Line's remaining shares at 5,200 yen each - a 13.4 per cent premium to the shares' price before news of the merger broke. Line's shares were up 2.6 per cent at 5,180 yen in early Tokyo trade on Monday.
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SoftBank to create US$30 billion tech giant with Yahoo Japan, Line Corp mergerJapan's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a US$30 billion tech giant, as it ...
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SoftBank to create $40.8b tech giant with Yahoo Japan, Line Corp mergerTOKYO (REUTERS) - Japan's SoftBank Corp plans to merge its internet unit Yahoo Japan with messaging app operator Line Corp to create a US$30 billion (S$40.8 billion) tech giant, as it bags struggling internet companies to bulk up against rivals like Rakuten Inc.. Read more at straitstimes.com.
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SoftBank's Yahoo Japan, Line Corp announce mergerJapanese telco SoftBank Corp on Monday announced plans to merge its internet unit Yahoo Japan with messaging app operator Line Corp as it scoops ...
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