March 20, 2018 / 7:32 AM / a month ago

BRIEF-Line unit updates on business and capital alliance with SoftBank Group

March 20(Reuters) - Line Corp

* Says its unit signed a business and capital alliance with SoftBank Group Corp, on March 20

* Says SoftBank Group Corp will acquire new shares of the company’s unit through private placement

* Says the company will cut stake in the unit to 49 percent from 100 percent

* Says payment date on April 2

* Says previous press was disclosed on Jan. 31

Source text in Japanese:goo.gl/TS8Tt6

Further company coverage: (Beijing Headline News)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below