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.

This content extract was originally sourced from an external website (SoftBank) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.