0
Wireless

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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Naver invests USD 150 mln in Indonesian media company Emtek

Published 07 Apr 2021 08:27 CET | Korea, Republic of
South Korean internet portal operator Naver has made an investment of USD 150 million in Indonesian media giant Emtek to expand ...

Z Holdings, Line merge corporate venture capital investment units, launch JPY 30 billion fund

Published 02 Apr 2021 10:36 CET | Japan
Z Holdings has announced that its subsidiary YJ Capital, and Line Ventures have merged, with YJ Capital as the succeeding ...

Yahoo Japan, Line complete merger, plan JPY 500 billion in investment

Published 01 Mar 2021 15:09 CET | Asia
Z Holdings (ZHD) and Line have announced the completion of their merger, together with their respective parent companies, ...

KDDI, Station Digital Media strike connected car, IoT services joint venture

Published 10 Feb 2021 08:48 CET | Japan
Japan's KDDI and Station Digital Media have signed a capital and business alliance agreement to provide one-stop services ranging ...

Rakuten, Tokyu establish joint venture

Published 31 Aug 2020 11:18 CET | Japan
Rakuten and Tokyu established Rakuten Tokyu Planning, a new joint venture that will provide data marketing products to companies ...

SoftBank, Mapbox launch mapping services joint venture in Japan

Published 20 May 2020 11:48 CET | Japan
Mapbox and SoftBank have established a joint venture called 'Mapbox Japan'. The entity will provide Mapbox's location data ...

Equinix, GIC launch USD 1 bln JV to develop, operate data centres in Japan

Published 22 Apr 2020 08:26 CET | Japan
Equinix has signed a USD 1 billion initial joint venture in the form of a limited liability partnership with Singapore's ...