Pair plan tender offer for Line shares at £5200 each
Line's share up 2.6 per cent at ¥5180 yen in Tokyo trade
Tokyo | Japan's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $US30 billion ($44 billion) tech giant, as it bags struggling internet companies to bulk up against rivals like Rakuten.
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.
