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Business deals

Line-Yahoo Japan to invest $1bn a year to bring in new customers

Merger plan officially announced, drawing the attention of antitrust regulators

From left, Z Holdings President Kentaro Kawabe and Line President Takeshi Idezawa shake hands during a press conference in Tokyo on Nov.18 . (Photo by Ken Kobayashi)
NATSUKO SEGAWA, Nikkei senior staff writer, and WATARU SUZUKI, Nikkei staff writer | Japan

TOKYO -- Line and Yahoo Japan will invest at least 100 billion yen ($917 million) a year to improve personalized advertisements and other services after their merger is completed, pledged Line CEO Takeshi Idezawa.

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