|Bid||50.80 x 1100|
|Ask||53.35 x 900|
|Day's range||51.44 - 51.80|
|52-week range||27.68 - 51.97|
|Beta (5Y monthly)||0.67|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5,215.03|
Weyland Tech, Inc. (WEYL) plans to launch its CreateApp mCommerce platform-as-a-service in Taiwan within the next few weeks, allowing the more than 1.3 million small-and-medium sized businesses (SMBs) across the country to easily establish and manage a mobile presence. CreateApp enables businesses to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. To support the launch in Taiwan, Weyland has partnered with Now Mastery, LLP, an affiliate of NYSE-listed Line Corporation.
The transaction, subject to mandatory closing conditions and shareholder approvals, will help both Softbank (SFTBY) and Line to pool their resources for gaining a strong foothold in the AI domain.
Softbank has announced plans to create a 30 billion dollar tech giant. The Japanese company confirmed plans to merge its internet unit Yahoo Japan, which last month changed its name to Z Holdings, with messaging app Line Corp - by October 2020. The merger would bring together Japan's biggest QR code payment apps, Combining a potential customer base of 100 million users. Line is a popular chat app owned by South Korea's Naver Corp. But it's losing money. If the deal goes through, SoftBank and Naver would form a 50:50 venture that will control Z Holdings. The joint venture will operate Yahoo Japan and Line. The merger is Softbank's latest move to bag struggling tech firms. As it looks to bulk up against its rivals. Softbank and Naver are aiming for a concrete agreement by December.
SoftBank Corp. announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp., in a move they hope will better position them against competitors. SoftBank and Naver, the owner of Line, will each hold 50% of a new holding company that will operate Line and Z Holdings.
At close to 10 billion dollars Line Corp was the biggest tech IPO of the year - when it launched on the U.S. market in 2016. It could be now be joining forces to form a tech giant worth - at a possible 27 billion dollars - nearly three times that. Discussions are underway between the messaging app operator and Z Holdings - known until last month as Yahoo Japan. The two would bring together Japan's biggest QR code payment apps Combining a potential customer base of 100 million users. If, at this point, Line's services are money-losing - and nothing has been decided, it said, regarding a merger. For its part, Z Holdings - which is nearly half owned by Softbank Corp - also disclosed it's acquired a 50.1% stake ... In fashion e-tailer Zozo - in a 3.7 billion dollar deal. Markets though took their lift from the merger talks - driving Line's shares up by 15%. And Z Holdings by nearly 17%.