Z Holdings, a unit of SoftBank Group Corp's telecom arm formerly known as Yahoo Japan, confirmed that its in talks with Tokyo-based messaging service Line about a possible merger, but said no final decision on a deal had been made. — Bloomberg
SoftBank Group Corp is considering a plan to consolidate its Yahoo Japan internet business with the messaging service Line Corp.
Z Holdings Corp, a unit of SoftBank’s telecom arm formerly known as Yahoo Japan, confirmed that it’s in talks with Tokyo-based Line about a possible merger, but said no final decision on a deal had been made. Line separately said it is considering such a merger along with other opportunities to increase value. Z Holdings shares surged in Tokyo, while Line’s stock was poised to climb.
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