Yahoo Japan and South Korean-owned Line Corp confirm merger to create a $30 billion tech giant
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan. July 20, 2017.
The telco in a statement said Yahoo Japan, which last month changed its name to Z Holdings Corp, will merge with Line, owned by South Korea’s Naver Corp, in a deal to be completed in October 2020. SoftBank Corp and Naver, which owns 73 percent of money-losing Line, plan to launch a tender offer for Line’s remaining shares at $0.048 each – a 13.4 percent premium to the shares’ price before news of the merger broke. Line’s shares were up 2.6 percent at $0.048 in early Tokyo trade on Monday.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp mergerJapan's SoftBank Corp plans to merge internet unit Yahoo Japan wit...
Consulte Mais informação »
SoftBank's Yahoo Japan, Line Corp announce mergerJapanese telco SoftBank Corp on Monday announced plans to merge its int...
Consulte Mais informação »
Silicon Valley Institute Of Technology Launched A Global Scholarship For Women To Bring Exceptional Talent To Silicon ValleySilicon Valley Institute of Technology venture backed by Parkpine Capital created a scholarship especially for women in tech for their global immersion programs
Consulte Mais informação »
Silicon Valley Institute Of Technology Launched A Global Scholarship For Women To Bring Exceptional Talent To Silicon ValleySilicon Valley Institute of Technology venture backed by Parkpine Capital created a scholarship especially for women in tech for their global immersion programs
Consulte Mais informação »
Silicon Valley Institute Of Technology Launched A Global Scholarship For Women To Bring Exceptional Talent To Silicon ValleySilicon Valley Institute of Technology venture backed by Parkpine Capital created a scholarship especially for women in tech for their global immersion programs
Consulte Mais informação »
Banks must behave 'more like technology companies' to survive, finance execs saySeveral fintech start-ups have gained popularity with app-based checking accounts, while tech giants are also making moves in the space.
Consulte Mais informação »