Reuters logo
Japan's Line Corp denies in talks to sell stake to SoftBank
February 25, 2014 / 3:36 AM / 4 years ago

Japan's Line Corp denies in talks to sell stake to SoftBank

TOKYO, Feb 25 (Reuters) - 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)

Our Standards:The Thomson Reuters Trust Principles.
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