Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. LINE Corporation
  6. News
  7. Summary
    3938   JP3966750006

LINE CORPORATION

(3938)
SummaryChartsNewsRatingsCompany 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

LINE Corporation completed the acquisition of Shiodome Z Holdings Co., Ltd. from SoftBank Corp..

02/26/2021 EDT

LINE Corporation (TSE:3938) entered into an agreement to acquire Shiodome Z Holdings Co., Ltd. from SoftBank Corp. (TSE:9434) for approximately ¥970 billion on December 23, 2020. Under the term, LINE will issue 180.88 million new shares to acquire Shiodome Z Holdings. The deal will be carried out through an absorption-type merger in which LINE Corporation will be the surviving corporation and Shiodome Z Holdings will be the absorbed company. LINE Corporation plans to conduct a share consolidation in which 29.17 million shares will be consolidated into one share. After the share consolidation takes effect and by the day before the settlement commencement date of the tender offer for Z Holdings Corporation shares a share split with the same share split ratio as the ratio for the share consolidation, and a shareholding adjustment transaction to make the ratio of voting rights in LINE Corporation held by SoftBank and the NAVER Parties be 50:50 immediately after the absorption-type merger takes effect, are scheduled to be carried out. Accordingly, the merger consideration of 180.88 million common shares of LINE Corporation is based on the assumption that the share consolidation, the share split and the shareholding adjustment transaction will be carried out. LINE Corporation will become a consolidated subsidiary of SoftBank after the series of transactions contemplated above have been carried out. As of March 31, 2020, Shiodome Z Holdings reported total assets of ¥740.75 billion and revenue of ¥0 million. The transaction is subject to LINE's shareholder approval in the general shareholder meeting on February 2021. The merger will take effect subject to conditions such as the completion of the settlement of the tender offer for Z Holdings Corporation which will be carried out by LINE Corporation. The transaction is expected to close on February 26, 2021. LINE Corporation (TSE:3938) completed the acquisition of Shiodome Z Holdings Co., Ltd. from SoftBank Corp. (TSE:9434) on February 26, 2021.


ę S&P Capital IQ 2021
All news about LINE CORPORATION
10/22SoftBank Corp. completed the acquisition of remaining 40.05% stake in LINE MOBILE Corpo..
CI
09/03Doublejump.tokyo inc. announced that it has received funding from Z Venture Capital Co...
CI
03/03LINE Corporation acquired 7.6% in SNOW Corp. from A Holdings Corporation for KRW 51 bil..
CI
02/26LINE Corporation completed the acquisition of Shiodome Z Holdings Co., Ltd. from SoftBa..
CI
01/26MASAYOSHI SON : SoftBank telco unit rotates CEO, Son steps down as chairman
RE
01/11LINE : IVI Director General Jerome Kim Talks Vaccines, Covid-19, and Teaming Up With LINE
PU
2020LINE CORPORATION(TSE : 3938) dropped from FTSE All-World Index
CI
2020LINE : to delist shares from the Tokyo Stock Exchange and the New York Stock Exchange
PU
2020LINE Corporation entered into an agreement to acquire Shiodome Z Holdings Co., Ltd. fro..
CI
2020SoftBank Corp. entered into letter of intent to acquire remaining 40.05% stake in LINE ..
CI
More news
Chart LINE CORPORATION
Duration : Period :
LINE Corporation Technical Analysis Chart | 3938 | JP3966750006 | MarketScreener
Managers and Directors
Takeshi Idezawa President, CEO & Representative Director
In-Joon Hwang Chief Financial Officer & Director
Hae-Jin Lee Chairman
Eui-Bin Park Chief Technology Officer
Tsuyoshi Nakayama Chief Privacy Officer, Head-Compliance & Legal