News Formal

SoftBank to create $30B tech giant with merger

  • 📰 trtworld
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Yahoo Japan and South Korean-owned Line Corp confirm merger to create a $30 billion tech giant

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan. July 20, 2017.

The telco in a statement said Yahoo Japan, which last month changed its name to Z Holdings Corp, will merge with Line, owned by South Korea’s Naver Corp, in a deal to be completed in October 2020. SoftBank Corp and Naver, which owns 73 percent of money-losing Line, plan to launch a tender offer for Line’s remaining shares at $0.048 each – a 13.4 percent premium to the shares’ price before news of the merger broke. Line’s shares were up 2.6 percent at $0.048 in early Tokyo trade on Monday.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 101. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp mergerJapan's SoftBank Corp plans to merge internet unit Yahoo Japan wit...
Källa: Reuters - 🏆 2. / 97 Läs mer »

SoftBank's Yahoo Japan, Line Corp announce mergerJapanese telco SoftBank Corp on Monday announced plans to merge its int...
Källa: Reuters - 🏆 2. / 97 Läs mer »

Banks must behave 'more like technology companies' to survive, finance execs saySeveral fintech start-ups have gained popularity with app-based checking accounts, while tech giants are also making moves in the space.
Källa: CNBC - 🏆 12. / 72 Läs mer »