TOKYO -- A tender offer by SoftBank Corp and South Korea's Naver for shares in popular messaging app Line has had a lukewarm reception, after a boom in tech stocks prompted calls from some minority shareholders for a higher offer.
Business deals
SoftBank and Naver bid for Line shares gets lukewarm reception
Offer to buy out minority investors ends with less than half of shares tendered
SoftBank Group wants to merge its Z Holdings with Line, owned by South Korea's Naver. (Source photos by Wataru Ito and Manami Yamada)
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