Yahoo-Line Merger Plan Raises Hopes for Japanese ‘Super App’

TOKYO—Investors welcomed plans for a merger to create an internet-services giant in Japan controlled by SoftBank founder Masayoshi Son, but Yahoo Japan and chat app Line face challenges combining their businesses.

A person involved in the discussions said Yahoo Japan, an internet portal affiliated with SoftBank Group Corp., and Line Corp. were likely to reach a merger deal this month. The companies confirmed merger talks and said nothing has been decided.

https://www.wsj.com/articles/yahoo-line-merger-plan-raises-hopes-for-japanese-super-app-11573726726?mod=pls_whats_news_us_business_f

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