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SoftBank's Z Holdings confirms merger talks with Line

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The Softbank-owned operator of search engine Yahoo Japan is in talks to merge with messaging app firm Line, a union that would create a group ...

TOKYO: The Softbank-owned operator of search engine Yahoo Japan is in talks to merge with messaging app firm Line, a union that would create a group extending from retail to mobile payments in one of the biggest Japanese tech deals of the year.

Z Holdings has a stock market value of about US$17 billion and Line about US$10 billion, according to Refinitiv data.Line said in a statement it was true it is considering ways to improve its corporate value but nothing had been decided as reported in the media.

 

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SoftBank's Z Holdings says in merger talks with LineTOKYO: Japanese Internet firm Z Holdings , the SoftBank-owned operator of Yahoo Japan, said on Thursday it was in talks to merge with messaging ...
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