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Telco & CSP

Telco & CSP

Announcement of Transfer of Shares of Z Holdings Corporation through Secondary Distribution to Shiodome Z Holdings Co., Ltd. (PDF)

Via SoftBank

Nov 18, 2019

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.

Related Topics
  • Announcement,
  • Asia-Pacific,
  • Media & Entertainment,
  • OTT,
  • SoftBank,
  • Telco & CSP,
  • Tracker

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