SoftBank's Z Holdings sees Line merger slipping beyond October
.jpg)
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
.jpg)
Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 - sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters
.jpg)
.jpg)
