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Naver, SoftBank to launch A Holdings in Japan next month Posted : 2021-02-26 09:04 Updated : 2021-02-26 09:37 Naver founder Lee Hae-jin speaking about his plan to enter American or European markets in the near future at the Naver Data Center Gak in Chuncheon, Gangwon Province, in July, 2020. Courtesy of Naver By Kim Jae-heun Local Internet giant Naver is accelerating its advancement in the global platform business in a partnership with SoftBank Group, the Japanese multinational conglomerate holding company, led by Masayoshi Son. SoftBank, the largest shareholder of Yahoo Japan, said Wednesday during an extraordinary general meeting, that Line, a Japanese subsidiary of Naver, and itself will invest 50 percent each in shares to establish a joint venture named A Holdings. The venture will create a subsidiary, Z Holdings, under it to operate Line and Yahoo Japan starting from next month.

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