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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.

View full article http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140803000004&cid=1102&MainCatID=0

Posted-In: News Rumors M&A Global Tech

 

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