efe-epaTokyo

The company Z Holdings, operator of Yahoo Japan and subsidiary of SoftBank Corp, has reached a preliminary agreement with messaging app provider Line Corp to forge a business integration alliance, both companies said on Monday.

“The Business Integration will be conducted on an equal basis by ZHD (the resulting firm) and LINE with the aim of forming a business group that can overcome fierce domestic and global competition,” SoftBank Group said in a statement.EFE-EPA