[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
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. The issue is how much cash it could secure from the stake sale and its business impact in the future. Naver and SoftBank own 50 percent each in A Holdings, which controls almost 65 percent shares in LY Corp., the merged entity of Line and Yahoo Japan in 2019. The market cap of LY Corp. is estimated at
May 14, 2024