Big Tech Shake-Up: SoftBank and Naver Reduce Stake in Line App

In a significant move in the tech industry, SoftBank and Naver are reducing their stake in Japan’s widely used Line app. This decision marks a strategic shift, potentially aimed at reallocating resources to other ventures.

The sale of their shares is expected to have a notable impact on Line’s operations and market position. As these tech giants adjust their investment portfolios, the tech landscape continues to evolve.

What could this mean for the future of Line and its users?

Source: The Japan Times
🔗 Read the full article here.

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