Society | Jul 01

Yahoo Japan operator and Line to delay merger planned for October

Jul 01 (Japan Times) - The SoftBank Corp. group company that controls Yahoo Japan Corp. and messaging app provider Line Corp. said Tuesday their merger planned for October will be delayed as antitrust screening in some countries is taking longer than expected due to the coronavirus pandemic.

Yahoo Japanâ€™s operator Z Holdings Corp. and Lineâ€™s South Korean parent company Naver Corp. originally planned to conduct a tender offer for Line shares by June.

The new date for the tender offer and merger has not been set, the companies said.

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