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SoftBank Merger of Yahoo Japan and the Line for the sake of Competing with Rakuten

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Berita Terkini
SoftBank Merger of Yahoo Japan and the Line for the sake of Competing with Rakuten

Yahoo - SoftBank Corp. plans to combine the business unit the internet, Yahoo Japan, with the application of the short message, Line Corp. to form a company of the technology giant, for the sake of competing with local competitors such as Rakuten Inc. and technology giant United States (U.S.).

The company as a result of the merger Yahoo Japan and Line is expected to have a valuation of US$ 30 billion, or around Rp 420 trillion.

The plan of the merger Yahoo Japan, which in October 2019 renamed Z Holdings Corp., with the Line, owned by Naver Corp., is expected to be completed by October 2020.

Entity this venture, will operate the Yahoo Japan and Line.

"Merger-driven 'sense of crisis' the two companies over the emergence of technology giants from the United States (U.S.) and China," said CEO Line Takeshi Idezawa as quoted from Reuters, Monday (18/11).

(Read: Investing in Uber and WeWork Caused Softbank Suffered Losses)

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Berita Terkini
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