SoftBank's Z Holdings sees Line merger in March 2021 - Metro US

SoftBank’s Z Holdings sees Line merger in March 2021

Logo of Line Corp is seen on a screen during a news conference at the company's headquarters in Tokyo

TOKYO (Reuters) – SoftBank’s Z Holdings Corp said on Monday its merger with messaging app operator Line Corp will take place around March 2021 after the deal was pushed back from October due to regulatory delays caused by the coronavirus outbreak.

Internet firm Z Holdings, formerly known as Yahoo Japan, announced the deal last November – part of a wave of consolidation at internet firms in Japan combining to face down the threat from U.S. and Chinese rivals.

(Reporting by Sam Nussey, editing by Louise Heavens and Jason Neely)

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