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LN - Naver Corporation: Merger Of Subsidiary With Japan's Leading Internet Portal Is A Game Changer
LINE Corporation American Depositary Shares (each representing one share of)
Elevator Pitch
Korea-listed internet conglomerate Naver Corporation (NHNCF) [035420:KS] owns South Korea's leading internet search portal, Naver.com and earns profits from search ads, display ads, and e-commerce in Korea. Naver Corporation also owns a 72.7% stake in Japanese mobile messaging platform, LINE Corporation (LN) (LNNFF) [3938:JP].
The recently proposed merger between subsidiary LINE Corporation and SoftBank Group's (SFTBY) (SFTBF) (SOBKY) [9984:JP] subsidiary Z Holdings Corporation (YAHOF) (YAHOY) [4689:JP], which operates Japan's leading search portal Yahoo Japan, is a game