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LINE Corporation (LN)

NYSE - NYSE Delayed price. Currency in USD
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50.91+0.16 (+0.32%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous close50.75
Bid0.00 x 1100
Ask0.00 x 1800
Day's range50.54 - 50.91
52-week range34.73 - 53.62
Avg. volume23,707
Market cap12.251B
Beta (5Y monthly)0.63
PE ratio (TTM)N/A
EPS (TTM)-0.39
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est50.57
  • SoftBank, Naver to Take Line Private Through Squeeze Out

    SoftBank, Naver to Take Line Private Through Squeeze Out

    (Bloomberg) -- SoftBank Corp. and Naver Corp. said they would seek to compel Line Corp.’s remaining public shareholders to sell out so the two companies can take the messaging service private.SoftBank and Naver made a tender offer to buy Line shares, but some investors had resisted the proposal because the 5,380 yen price was thought to be too low. The acquirers now plan to proceed with what’s known as a squeeze-out, a legal maneuver to force the last investors to part with their securities.SoftBank Group Corp. founder Masayoshi Son wants to combine his Yahoo Japan internet business with Line to create a national champion, with the goal of competing more effectively against global giants like Google and Tencent Holdings Ltd. The combined company aims to spend 100 billion yen ($950 million)annually on development of AI-powered products.As they announced the proposed deal last November, the two companies said the combination is driven by a sense of crisis that global giants are increasing their grip on the technology industry and countries like Japan risk falling behind. Together, Line and Yahoo Japan, which operates as Z Holdings Corp., will be able to share engineering resources, access broader sets of data and invest more in areas like artificial intelligence, the chief executive officers said at the time.SoftBank Corp., the domestic wireless unit of Son’s empire, said 31.2 million shares, including 1.09 million share certificates, were tendered in the joint bid with Naver. They had said it could purchase up to 88.3 million shares.Line shares are little changed for the year at 5,370 yen.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cloudera to Support LINE's Digital Transformation Journey

    Cloudera to Support LINE's Digital Transformation Journey

    Cloudera's (CLDR) Data Platform will allow LINE to manage its data lifecycle and expedite transformation to the cloud.

  • LINE Sees Hammer Chart Pattern: Time to Buy?

    LINE Sees Hammer Chart Pattern: Time to Buy?

    LINE has been struggling lately, but the selling pressure may be coming to an end soon.