Naver, SoftBank to launch Z Holdings joint venture in Japan in March

Friday 26 February 2021 | 07:46 CET | News
South Korean operator Naver has signed a partnership agreement with SoftBank Group. SoftBank, the largest shareholder of Yahoo Japan, and Line, a Japanese subsidiary of Naver, plan to invest 50 percent each in shares to establish a joint venture called 'A Holdings', The Korea Times reports. This joint venture will create a subsidiary dubbed 'Z Holdings', to operate Line and Yahoo Japan starting March. When the two internet companies combine, with their management integration expected to be complete in mid-March, over 100 million users are expected to visit the platform on a monthly basis.

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Categories: Mobile & Wireless
Companies: Line Mobile / Naver / Softbank / Softbank Mobile / Yahoo / Yahoo Japan
Countries: Korea, Republic of
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