SoftBank to take majority stake in Line mobile unit

Business / Corporate Feb 1, 2018

SoftBank to take majority stake in Line mobile unit

SoftBank Group Corp. said it has agreed to take a majority stake in Line Corp.'s mobile unit for an undisclosed sum. The deal, to be finalized around March, will give SoftBank Corp. — the Tokyo-headquartered telecom and technology conglomerate's mobile phone subsidiary — 51 percent ...

Business / Corporate Oct 17, 2017

Line opens character goods store in New York's Times Square

Line Corp. has opened its first permanent U.S. store in New York that sells merchandise featuring the characters popularized by its messaging app. Located in Times Square, the 430-sq.-meter store has proven popular with tourists since its official opening Aug. 1. A ceiling-high stuffed toy bear ...

Line indoor adventure park to make global debut in Bangkok

Business / Corporate Jun 20, 2017

Line indoor adventure park to make global debut in Bangkok

The world's first indoor adventure park featuring "friends" characters created for Line Corp.'s immensely popular messaging app will open later this year in Bangkok. Line Village Bangkok says it will open a Line Village merchandise store Friday before fully opening its doors in the capital's ...

Business / Corporate Feb 28, 2017

Sony, Line eye AI-powered consumer gadgets

Sony Corp. and Line Corp., Japan's most popular messaging service, are considering joining forces to develop devices powered by artificial intelligence. The companies are exploring opportunities around digital personal assistant technology to co-create a new communication experience, Sony said in a statement at the Mobile ...

Line declines after quarterly profit, sales miss estimates

Business / Corporate Jan 26, 2017

Line declines after quarterly profit, sales miss estimates

Line Corp. posted its biggest drop yet as analysts cut ratings after fourth-quarter profit and revenue that missed estimates. The stock finished more than 10 percent lower at ¥3,755 in Tokyo on Thursday, the steepest decline since listing in July. Line's operating profit of ¥1.6 ...