( December 23, 2019, 09:00 GMT | Official Statement) -- MLex Summary: Japan’s Z Holdings and messaging application company LINE reached a definitive agreement, together with their respective parent companies SoftBank and Naver, to integrate Z Holdings’ Yahoo Japan and LINE businesses. First, SoftBank and Naver in Japan will carry out a joint tender offer in Japan and the US to take LINE private next May or June. The two groups are aiming to complete the merger next October, subject to regulatory clearances in relevant countries, according to the statement. After the merger, Yahoo Japan and LINE will belong to Z Holdings, with an aim to seek synergy in e-commerce, digital marketing and fintech businesses, according to the statement. The statement is attached....
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