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

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Alibaba (NYSE: BABA) and SoftBank (OTC: 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.

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Posted-In: News Rumors M&A Global Tech


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