Pandemic delays Yahoo Japan, Line merger past October

Pandemic delays Yahoo Japan, Line merger past October

3 years ago
Anonymous $qOHwDUKgAF

https://apnews.com/8cfa548806eb1ce5ddacb62f834226ac

TOKYO (AP) — Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date.

Z Holdings Corp., which operates Yahoo Japan, and Naver Corp. of South Korea, which owns a majority stake in Line, announced last year the merger as equal partners that will form a joint venture through a tender offer.