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home / news releases / LN - Why Line Stock Popped 26% on Wednesday


LN - Why Line Stock Popped 26% on Wednesday

Shares of Line Corp. (NYSE: LN) jumped 26.6% on Wednesday after Reuters reported the messaging app company is in talks for a potential merger with SoftBank's Z Holdings (formerly known as Yahoo! Japan). Separately, Z Holdings stock rallied 9.2% today on the news.

Z Holdings confirmed the talks to Reuters late Wednesday, while Line issued a statement that it is indeed "considering ways to improve its corporate value" -- though both companies insisted nothing is set in stone just yet.

IMAGE SOURCE: GETTY IMAGES.

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Stock Information

Company Name: LINE Corporation American Depositary Shares (each representing one share of)
Stock Symbol: LN
Market: NYSE
Website: linecorp.com

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