(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’s footprint within affiliate LY Corporation, formed from the merger of Line and Yahoo Japan, is steadily fading. LY Corporation will ditch Line Works, a business collaboration tool developed by ...

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 ...

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.

Korea will put Naver’s interest in the forefront in coming up with countermeasures to cope with the Korean IT firm’s conundrum of the Japanese government’s pressure on Naver to give up its ownership ...

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 ...

We’ll send you a myFT Daily Digest email rounding up the latest Social Media news every morning. Naver, South Korea’s biggest internet company by sales, disappointed the market with its second-quarter ...

South Korean Internet giant Naver announced quarterly results that fell short of expectations because of weaker performance from the gaming unit of its messaging app Line. This echoes problems faced ...

Simply sign up to the Technology sector myFT Digest -- delivered directly to your inbox. Naver, South Korea’s biggest internet portal operator, reported an 88 per cent year-on-year jump in ...