Line and SoftBank's Z Holdings to merge: Nikkei [Reuters (UK)]
LINE CORP (LN)
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Source: Reuters
Line and SoftBank's Z Holdings to merge: Nikkei - Reuters 1 Min Read (Reuters) - Japanese internet firm Z Holdings Corp ( 4689.T ) and messaging app operator Line Corp ( 3938.T ) are set to merge, aiming to create an e-commerce giant spanning finance, retail and other services, the Nikkei business daily reported on Wednesday. SoftBank, which controls Z Holdings, and South Korea’s Naver, which owns Line, are in the final stage of negotiations toward their units’ integration, the report said, citing sources. Z Holdings, formerly known as Yahoo Japan, and Naver did not immediately respond to Reuters’ requests for comment. Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved.
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