(Bloomberg) -- SoftBank Corp. and Naver Corp. said they would seek to compel Line Corp.’s remaining public shareholders to sell out so the two companies can take the messaging service private.

Regardless of the ongoing diplomatic brouhaha, many industry watchers expect Naver to divest its stake in the 50:50 joint venture with SoftBank that controls the Line messenger app and Yahoo Japan.

Naver and one of its subsidiaries Line, announced the pre-opening of MySmartStore, which is the Japanese version of Naver Smart Store. MySmartStore began operations on Oct. 20, ahead of the service’s ...

On August 2, 2024, SoftBank announced that its subsidiary LINE Yahoo! would be making a tender offer for its own shares. This is aimed at increasing LINE Yahoo!'s outstanding share ratio to '35% or ...

South Korea's Naver said on Friday it is exploring various options including the potential sale of its stake in the company that controls LY, which operates the popular messaging app Line. In a ...

Concerns are mounting that Korean portal giant Naver may lose its management rights for Line, the immensely popular messaging app in Japan it has nurtured over the past 13 years, amid a rare ...

South Korea-based internet giant Naver Corp. launched its non-fungible token (NFT) platform, NOW.Drops, with LINE NEXT on Wednesday. The platform will let K-pop music fans create customized NFTs.

The South Korean NFT company says the deal is the biggest blockchain and Web3 investment so far this year in Asia. Line Next, the South Korea-based NFT unit of a joint venture between SoftBank and ...