Yahoo Japan to merge with Naver's Line app

asia.nikkei.com

Yahoo Japan and Line are in talks to merge to create Japan's largest internet company with a total valuation of $27B -- SoftBank is involved since it owns half of Yahoo Japan parent Z Holdings.

The deal is said to be an effort to replicate Alibaba in Japan -- the company that became a major win for Masayoshi Son after an early investment yielded billions link

The deal will reportedly be announced in December with October 2020 the goal for the merger's completion link

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