Announcement of Transfer of Shares of Z Holdings Corporation through Secondary Distribution to Shiodome Z Holdings Co., Ltd. (PDF)
SoftBank has reached a basic merger agreement between its Z Holdings (formerly Yahoo Japan) and Naver, which operates the messaging service Line, creating an internet company with over 100 million users in Japan in a deal reportedly worth $30bn. Separately, Line has 82m users and Yahoo Japan has 50m. See the PDF here for Softbank's official statement to the markets.
More insight at the FT, Reuters and Japan Times.
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