SoftBank aims to buy Line at a bargain price, trusting Japanese government… “”””2 trillion to buy 10% stake””””

(1)SoftBank, which owns a half stake in the parent company of Line Yahoo, the operator of Japan’s national messenger LINE, has revealed that it is in talks to acquire the stake held by Naver, raising the issue of the purchase price. For NAVER, even if it is painful to give up a business that has taken 13 years to build, it may be the next best thing to get a fair price and take the silicon, given the Japanese government’s intention that LINE should stay in Japan, but SoftBank is backed by the Japanese Ministry of Internal Affairs and Communications. The ruling Liberal Democratic Party is also starting to weigh in, and there are fears that NAVER will be forced to sell out.
(2)If you buy all of Naver’s shares, you’ll have to spend 9 trillion won

(1)However, Miyakawa also hinted that he does not intend to spend a huge amount of money on the stake. “We are discussing with Naver what is the best option for Line Yahoo’s mid- to long-term growth,” he said, adding, “We want to buy a stake within a range that does not affect SoftBank’s business.”