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Business deals

South Korea gives Yahoo Japan-Line merger talks a warm reception

Chat app parent Naver's shares surge as investors put profits over politics

The Line business generated about 35% of Naver's sales in 2018.   © Reuters
KOTARO HOSOKAWA, Nikkei staff writer | South Korea

SEOUL -- The proposed union of Yahoo Japan and the Line messaging app has received a warm welcome from investors in South Korea, home to Line's parent Naver.

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