
Pandemic delays Yahoo Japan, Line merger past October
The merger between online services Yahoo Japan and Line Corp. is getting pushed back to later than the scheduled October date because of the fallout from the coronavirus pandemicBy YURI KAGEYAMA AP Business WriterJune 30, 2020, 9:51 AM2 min read2 min readShare to FacebookShare to TwitterEmail this articleTOKYO -- Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date. Z Holdings Corp., which operates Yahoo Japan, and Naver Corp. of South Korea, which owns a majority stake in Line, announced last year the merger as equal partners that will form a joint venture through a tender offer. Both sides said procedures required under law were getting delayed becau...