Yahoo Japan operator Z Holdings Corp. and Line Corp. said Monday they have reached a basic merger agreement that will forge an internet conglomerate boasting over 100 million users in Japan with the aim of challenging U.S. and Chinese online behemoths.

“In the internet market, overseas companies, especially those based in the United States and China, are overwhelmingly dominant,” the two firms said in a statement.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.