Japanese and South Korean tech giants will merge to challenge US, Chinese tech companies. Image via Ken Kobayashi.
Business

Tech giants merge to challenge US, Chinese tech companies

Driven by the current rise of US and Chinese tech mega-firms, Japanese telecom corporation Softbank announced a merger between their Yahoo! Japan unit and South Korea's Naver Corp's messaging app operator Line Corp, a venture worth a total of 30 billion USD. Softbank Corp, also known as Z Holdings, will remain a subsidiary of Softbank Group Corp while retaining Mizuho Securities as a financial advisor.

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Mon Nov 18 - Reuters

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