Yahoo Japan is in talks with Line for a merger that would create a $27 billion tech giant
Shares in Z Holdings, which had a stock market value of about $17 billion at Wednesday’s close, jumped 17%. Shares in Line, which is valued at about $10 billion, closed up 15%.
Line said in a statement it was considering ways to improve its corporate value but nothing had been decided. Those services are money-losing, with Line - which last year sold a majority stake in its mobile unit to SoftBank - reporting three consecutive quarters of operating losses as it tries to jump-start growth.
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