Softbank CEO: discussing reviewing capital relationship with Naver concerning Line

LY

09/05/2024 08:33

TOKYO/SEOUL, May 9 (Reuters) - SoftBank Corp's  9434.T 
CEO said on Thursday that the company is discussing reviewing
its capital relationship with South Korean tech firm Naver
 035420.KS  concerning control of LY Corp  4689.T , but they
have yet to reach an agreement. 
    LY Corp is majority owned by A Holdings, a joint venture
between SoftBank and Naver, and operates Line, a messaging app
dominant in Japan and popular in Southeast Asia.
    
    

 (Reporting by Anton Bridge in Tokyo and Joyce Lee in Seoul;
Editing by Jacqueline Wong)
 ((joyce.lee@tr.com;))