Naked men and drunks: England assesses the reopening of pubsUpdated: 07/05/2020 12:20 PMLONDON (AP) — It seems to have been more like a typical Saturday night than a drunken New Year's Eve. The reopening of pubs in England does not seem t...
Gig workers face shifting roles, competition in pandemicUpdated: 07/05/2020 10:44 AMNEW YORK (AP) — There were the two-hour, unpaid waits outside supermarkets when San Francisco first started to lock down, on top of the heavy shopping...
Germany to revamp financial oversight after Wirecard scandalUpdated: 07/05/2020 7:38 AMBERLIN (AP) — Germany's finance minister says he wants to revamp the oversight system for the country's financial industry in the wake of the accounti...
Mercedes to recall 660,000 vehicles in China for oil leakUpdated: 07/05/2020 5:18 AMBEIJING (AP) — Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak. A seal between a high-pressure f...
Trump signs extension of COVID-relief fund for businessesUpdated: 07/04/2020 10:25 AMWASHINGTON (AP) — President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the c...
Across Sun Belt, hopes for economy give way to renewed fearsUpdated: 07/04/2020 10:17 AMST. PETERSBURG, Fla. (AP) — At the beginning of March, Joey Conicella and Alex Marin were riding high. Their new Orlando restaurant, Hungry Pants, had...
Stimulus money could pose dilemmas in nursing homesUpdated: 07/04/2020 9:31 AMNEW YORK (AP) — Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy. But ...
Trump, Biden fight for primacy on social media platformsUpdated: 07/04/2020 12:52 AMWASHINGTON (AP) — On an average day, President Donald Trump sends about 14 posts to the 28 million Facebook followers of his campaign account. His Dem...
`Huge bummer': July Fourth will test Americans' disciplineUpdated: 07/03/2020 7:06 PMThe U.S. headed into the Fourth of July weekend with many parades and fireworks displays canceled, beaches and bars closed, and health authorities war...
Second wave of virus closures wallops California restaurantsUpdated: 07/03/2020 1:56 PMLOS ANGELES (AP) — Homayoun Dariyani was training servers and cooks for his soon-to-open gourmet hamburger grill in March when California abruptly shu...
|Last Update: 5:51 AM ET 06/30/2020|
|Pandemic delays Yahoo Japan, Line merger past October|
By YURI KAGEYAMA
TOKYO (AP) - Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date.
Z Holdings Corp., which operates Yahoo Japan, and Naver Corp. of South Korea, which owns a majority stake in Line, announced last year the merger as equal partners that will form a joint venture through a tender offer.
Both sides said procedures required under law were getting delayed because of the outbreak.
- Due in part to the impact of the global spread of COVID19, the procedures and measures under the competition laws of some of the countries have not been completed, - their statement said.
A new schedule will be announced as soon as possible, it said.
Z Holdings includes Yahoo Japan, Japan Net Bank, Gyao video content distributor, BuzzFeed Japan and ZoZo fashion e-commerce under its wing. It - s also part of Japanese technology giant SoftBank Group., which includes solar power and robotics.
The planned combination will create one of the largest Japanese net businesses in combined sales, with retail services, advertising and mobile messaging. The move is designed to boost competitiveness in an evolving market, with potential expansion in various sectors focused on the Japanese market.
Yuri Kageyama on Twitter https://twitter.com/yurikageyama
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