SoftBank's Z Holdings sees Line merger slipping beyond October

Tuesday, June 30, 2020

No items found.

TOKYO (Reuters) - SoftBank's Z Holdings Corp <4689.T> said on Tuesday the closure of its merger with messaging app operator Line Corp <3938.T> will be later than October as previously stated due to regulatory approval being delayed by the coronavirus outbreak.

Internet firm Z Holdings, formerly known as Yahoo Japan, said there no major issues affecting the deal, with the delay causing timing for a joint tender offer to slip beyond May to June.

SoftBank announced the deal last November - part of a wave of consolidation at internet firms in Japan combining to face down the threat from U.S. and Chinese rivals.

(Reporting by Sam Nussey; Editing by Kim Coghill)

‍

Other posts

Best SEO Plugins For WordPress

December 8, 2020

Best SEO Plugins For WordPress

Netflix names Bozoma Saint John as chief marketing officer

July 1, 2020

Netflix Inc on Tuesday appointed Bozoma Saint John as the streaming giant's chief marketing officer, starting in August, adding a high-profile Black executive to senior management.

China Business Video - China’s FDI, foreign-invested enterprises significantly increased in 2020

January 21, 2021

The foreign direct investment (FDI) reached nearly 1 trillion yuan (around 155 billion U.S. dollars) in 2020, according to data released by the Ministry of Commerce on Wednesday.

Facebook frustrates advertisers as boycott over hate speech kicks off

July 1, 2020

Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site.

3 Best Private Cloud Solutions

June 29, 2020

Private clouds make it possible to build affordable IT infrastructures for specific needs. Learn more about the best private cloud solutions currently on the market in this review.