Japan’s SoftBank to acquire majority stake in Line’s mobile unit

SoftBank
FILE PHOTO: A man talks on the phone as he stands in front of an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter/File Photo

Japan’s Line Corp said on Wednesday that it had entered an agreement with SoftBank Group Corp to give the telecoms and technology firm a majority stake in Line’s mobile unit.

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