It’s a super-hard road to a Japanese super app, says mak_robyn:
Japan's SoftBank Corp said in a regulatory filing on Nov. 18 that it plans to merge Yahoo Japan, which last month changed its name to Z Holdings, with messaging app operator Line Corp.
As part of a multi-step deal, SoftBank and South Korea’s Naver will take the Tokyo-listed Line private and form a 50-50 joint venture. The combined entity would eventually control Z Holdings, which in turn will operate Yahoo Japan’s and Line's businesses. SoftBank Corp owns 44.6% of Yahoo Japan while Naver owns 72.6% of Line. Masayoshi Son’s SoftBank Group owns a 67% voting stake in SoftBank Corp.
Shares of Z Holdings rose 1.4% to 423 yen as of late-morning on Nov. 18. Shares of Line were up 2.2% to 5,150 yen.
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