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Nov. 13, 2019, 9:20 p.m. EST

Shares of Yahoo Japan’s parent soar on acquisition talks with Line

SoftBank could emerge as the big winner

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By Peter Landers and Takashi Mochizuki


Bloomberg News
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in 2016.

TOKYO — Two of Japan’s internet leaders — news and shopping site Yahoo Japan and chat app Line — are in talks over a combination that could expand SoftBank Group Corp.’s empire, the companies said Thursday.

If completed, the deal could give SoftBank /zigman2/quotes/207303954/delayed JP:9984 +0.16%   and its acquisitive chief executive, Masayoshi Son, a bigger presence in internet advertising and payment apps in Japan. SoftBank effectively controls Yahoo Japan through subsidiaries.

A person involved in the talks said SoftBank ultimately hoped to gain control of Line Corp. /zigman2/quotes/209615106/composite LN +0.30%   /zigman2/quotes/205382025/delayed JP:3938 0.00%   through the deal, but he said the sides were still discussing several deal structures.

Yahoo Japan’s parent, Z Holdings Corp. /zigman2/quotes/207641152/delayed JP:4689 -0.26%  , and Line issued statements Thursday confirming reports of the talks but saying nothing has been decided. Z Holdings shares rose 17% in early Tokyo trading Thursday.

An expanded version of this report appears on WSJ.com.

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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,257.00
+7.00 +0.16%
Volume: 10.04M
Dec. 6, 2019 3:00p
P/E Ratio
9.62
Dividend Yield
1.03%
Market Cap
¥8802.76 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/209615106/composite
US : U.S.: NYSE
$ 46.98
+0.14 +0.30%
Volume: 22,218
Dec. 6, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.21 billion
Rev. per Employee
$367,828
loading...
/zigman2/quotes/205382025/delayed
JP : Japan: Tokyo
¥ 5,120.00
0.00 0.00%
Volume: 600,500
Dec. 6, 2019 3:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
¥1225.74 billion
Rev. per Employee
¥40.62M
loading...
/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 379.00
-1.00 -0.26%
Volume: 11.58M
Dec. 6, 2019 3:00p
P/E Ratio
25.22
Dividend Yield
2.34%
Market Cap
¥1809.72 billion
Rev. per Employee
¥77.26M
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