Japanese regulators have given their approval to a proposed merger between chat app giant Line and the Softbank-backed Yahoo Japan.
Per multiple media outlets, including Fn News, the Japan Fair Trade Commission, the government body responsible for regulating economic competition in the country, granted permission for the deal to go ahead.
However, the world may have to wait a little longer before the new tech giant makes its debut on the scene. Digital Today reported that although the operators had hoped to complete the merger at the end of September this year, it now looks like the firms will complete the deal on February 28 as a result of coronavirus pandemic-related delays.
Both firms have numerous crypto connections – and the deal could potentially create a new Asian crypto behemoth.
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