Daily Management Review

SoftBank to take 51% stake in Line Corp


01/31/2018


SoftBank’s investment comes through Line issuance of new shares.



On Wednesday, Japan’s Line Corp stated it had entered into an agreement with the SoftBank Group Corp to provide the telecoms and technology firm a majority stake in its mobile unit Line Corp stated
 
Line Corp stated after the issuance of new shares, SoftBank would have a 51% stake in the mobile business with it holding the balance 49%.
 
References:
reuters.com







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