TOKYO Feb 25 Japanese messaging app owner Line
Corp denied a media report that the company was in discussions
to sell a stake to SoftBank Corp on Tuesday.
"There is no truth to the matter," a spokeswoman for the
company said. A Line executive, who declined to be identified,
also denied the report.
The denials followed a report from Bloomberg News earlier on
Tuesday that SoftBank's founder and CEO, billionaire Masayoshi
Son, has held talks with Line about a purchase.
Line's parent South Korea's Naver Corp also
denied the reports. A SoftBank spokesman said the company could
not immediately comment.
(Reporting by Reiji Murai; Editing by Edwina Gibbs)