SoftBank's Z Holdings sees Line merger in March 2021
Reuters
Published Aug 03, 2020 04:28
TOKYO (Reuters) - SoftBank's Z Holdings Corp said on Monday its merger with messaging app operator Line Corp (NYSE:LN) will take place around March 2021 after the deal was pushed back from October due to regulatory delays caused by the coronavirus outbreak.
Internet firm Z Holdings, formerly known as Yahoo (NASDAQ:AABA) Japan, announced the deal last November - part of a wave of consolidation at internet firms in Japan combining to face down the threat from U.S. and Chinese rivals.
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Written By: Reuters
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