Announced
Financials
Tags
internet services
Public
Japan
Acquisition
Friendly
mobile applications
Merger
Single Bidder
Privatisation
Internet
Majority
Pending
Synopsis
Z Holdings, a Japanese internet company originally formed as a joint venture between the American internet company Yahoo! and SoftBank, agreed to merge with Line, a Tokyo-based subsidiary of the South Korean internet search Naver. The combined firm would be valued at approximately $30bn. “In the Internet market, overseas companies, especially those based in the United States and China, are overwhelmingly dominant, and even when comparing the size of operations, there is currently a big difference between such overseas companies and those in other Asian countries, other than China,” SoftBank.
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