SoftBank announces Yahoo Japan-Line merger to create $30b tech giant

SoftBank announces Yahoo Japan-Line merger to create $30b tech giant

FILE PHOTO: The logo of Line Corp is seen at the company's headquarters in Tokyo, Japan, January 25, 2017. REUTERS/Toru Hanai

Japan’s SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech giant, as it bags struggling internet companies to bulk up against rivals like Rakuten Inc.