Yahoo and LINE to Merge, ZHD President Takes Over
In a major announcement today, Yahoo Japan Corporation (Yahoo) and LINE Corporation (LINE) have announced their plans to merge under ZHD President Takashi Dezawa's leadership with completion expected by 2021 after receiving approval from regulatory authorities such as Japan's Fair Trade Commission (FTC). The new company promises an enhanced user experience across multiple platforms along with increased efficiency due to streamlined operations across both businesses resulting in cost savings for customers while providing better value for money overall.
Feb. 02, 2023 11:08AM
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A photo showing Takashi Dezawa shaking hands with representatives from Yahoo Japan Corporation (Yahoo) and LINE Corporation (LINE).
In a major announcement today, Yahoo Japan Corporation (Yahoo) and LINE Corporation (LINE) have announced their plans to merge. The move comes as the two companies look to expand their presence in the online space and strengthen their competitive advantage. The merger will be led by ZHD President Takashi Dezawa, who has been appointed as CEO of the newly formed company. Mr. Dezawa is a veteran of both Yahoo and LINE, having served as COO of Yahoo Japan from 2012-2016 before joining LINE in 2017. He brings with him extensive experience in digital marketing, product development, and corporate strategy. The new company will combine the strengths of both Yahoo and LINE into one entity that will offer users an enhanced experience across multiple platforms. It will also leverage its combined resources to create innovative products and services that are tailored to meet customer needs more effectively than ever before. In addition to offering users a more comprehensive suite of services, the merged company is expected to benefit from increased efficiency due to streamlined operations across both businesses. This should result in cost savings for customers while providing better value for money overall. The merger is expected to be completed by the end of 2021 after receiving approval from regulatory authorities such as Japan’s Fair Trade Commission (FTC). Until then, both companies will continue operating independently under their respective brands while working together on integrating operations where possible. This latest move marks yet another step forward for Japan’s tech industry which has seen a number of mergers over recent years including SoftBank’s acquisition of Sprint Corp., Rakuten’s purchase of Viber Media Inc., and NTT Docomo’s takeover of Willcom Inc.. With this latest merger between two giants in the Japanese tech space, it looks like there could be more exciting developments ahead for consumers looking for even greater convenience when using digital services online or through mobile devices.