Yahoo Japan, Line to merge business to form online giant

Yahoo Japan and Line Corp have announced they are merging. The combination in a joint venture through a tender offer will form an online giant with retail services, advertising and other mobile services such as messaging. — Kyodo News/AP

TOKYO: Online services Yahoo Japan and Line Corp have announced they are merging.

Z Holdings Corp, which owns SoftBank Corp that operates Yahoo Japan, and Naver Corp. of South Korea, which owns a majority stake in Line said Nov 18 they are aiming for a final agreement by next month.