News Formal

SoftBank to create US$30 billion tech giant with Yahoo Japan, Line Corp merger

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Japan'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 ...

TOKYO: Japan'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 bags struggling internet companies to bulk up against rivals like Rakuten Inc .

SoftBank Corp and Naver, which owns 73per cent of money-losing Line, plan to launch a tender offer for Line's remaining shares at 5,200 yen each - a 13.4per cent premium to the shares' price before news of the merger broke. Line's shares were up 2.6per cent at 5,180 yen in early Tokyo trade on Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »