Naver shares rally on report of Softbank interest in mobile messaging unit

SEOUL Mon Feb 24, 2014 8:12pm EST

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SEOUL Feb 25 (Reuters) - Shares in South Korea's Naver Corp jumped more than 8 percent on Tuesday after a media report said Japan's Softbank Corp was interested in buying a stake in its mobile-messaging service Line.

Bloomberg reported on Tuesday that SoftBank's founder, billionaire Masayoshi Son, had held talks with Tokyo-based Line about a purchase, citing a person with knowledge of the matter.

A Naver spokesperson was not immediately available for comments. (Reporting by Hyunjoo Jin and Miyoung Kim; Editing by Paul Tait)

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