ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Japan's Yahoo and Line announce October 2020 merger plan

SoftBank and Naver's venture to be Japan's largest online player

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

TOKYO -- The operators of Yahoo sites in Japan and the Line chat app jointly announced on Monday that they have reached a basic agreement on a merger. The companies aim to sign a finalized agreement in December.

SoftBank Group and South Korean internet giant Naver will form a joint holding company, each investing 50%, according to an announcement by Z Holdings, the Yahoo parent and SoftBank Group member, as well as Line.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more