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Business deals

Investors applaud mooted $27bn Yahoo Japan-Line deal

Rare Japanese-Korean tie-up seeks to create Alibaba-style super app

A merger of Yahoo Japan and Line would create with greater revenue than Rakuten, the country's leading internet company. (Nikkei montage)

TOKYO -- Shares in Softbank's Yahoo Japan surged as investors cheered the prospect of its merger with messaging app Line, a $27 billion union that would create a giant payments, news portal and e-commerce platform with over 100 million users.

The deal, if it concludes, would reshape Japan's digital landscape and form a bigger competitor to U.S. and Chinese internet groups by creating a one-stop platform, or "super app," for a range of services entwined into every aspect of users' lives.

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