NAVER Corporation (NHNCF)
- Bloomberg
SoftBank and Naver to Sell Down Stake in Japan’s Line App
(Bloomberg) -- A Holdings Corp., a holding company owned equally by Japan’s SoftBank Corp. and South Korea’s Naver Corp., plans to sell down its stake via LY Corp.’s ¥150 billion ($1 billion) tender.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 Coastal States That Face the Most Devastating Flood RiskParis Spent €1.4 Billion to Clean Up the Seine. Has It Worked?New York City Paid $2 Million fo
- Reuters
Line app operator announces buyback, SoftBank, Naver voting rights to fall
TOKYO (Reuters) -Japan's LY Corp, operator of the Line messaging app, announced a share buyback on Friday that will lower the voting rights of heavyweight joint stakeholders SoftBank Corp and South Korea's Naver. The capital relationship of the three Asian tech giants has developed into a political debate in South Korea and Japan this year. The Japanese government has called for a selldown of Naver's indirect equity holdings in LY after a data leak issue.
- Bloomberg
Naver-Backed Webtoon Likely to Price IPO at Top of Range
(Bloomberg) -- Online comics company Webtoon Entertainment Inc. priced shares in its US initial public offering at the top of a marketed range to raise $315 million.Most Read from Bloomberg24-Hour Stock Trading Is Booming – and Wall Street Is RattledBlackRock Buys Preqin for $3.2 Billion in Private Data PushTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a TestFrance’s Market Rally Falters as Investors See Enduring RiskJustice Department to Charge Boeing, Seeks Guil
