Alibaba Declines Comment on Rumored Investment in Line; Naver Denies It

by Charles Gross, Benzinga Editor
August 3, 2014 10:18 AM | 16 seconds read |
Alibaba BABA and SoftBank SFTBY are rumored to be each taking a 30% stake in South Korean messaging app company, Line, according to China Business News, via WantChinaTimes. Alibaba declined comment, while Naver, which owns Line, denied the report. View full article http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140803000004&cid=1102&MainCatID=0
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