SoftBank's Z Holdings sees Line merger in March 2021 (updated)

ZOZO

03/08/2020 09:13

(Adds background)
    TOKYO, Aug 3 (Reuters) - SoftBank's Z Holdings Corp  4689.T 
said on Monday its merger with messaging app operator Line Corp
 3938.T  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.  urn:newsml:reuters.com:*:nL4N27X01E

 (Reporting by Sam Nussey, editing by Louise Heavens and Jason
Neely)
 ((sam.nussey@tr.com; https://twitter.com/SamNusseyRTRS;
+81345632760;))