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Yahoo Japan and Line Messaging App to Merge

Yahoo Japan, otherwise known as Z Holdings, and Naver, which owns Line, are in the final stage of negotiations toward their units' integration.

Line messaging app | Source: Shutterstock

Reuters

13 November 2019

TOKYO, Japan — Japanese internet firm Z Holdings Corp and messaging app operator Line Corp 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.

By Munsif Vengattil; editor: Maju Samuel.

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Technology

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Tokyo, Japan

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