SoftBank Is Reportedly Seeking A Stake In Line, Japan's Most Popular Messaging App

SoftBank wants a stake in Line, the mobile-messaging service controlled by Naver Corp, Bloomberg reports.

Line has received at least one other offer for all or some of the company, which has delayed its plans for an IPO, according to Bloomberg’s sources.

Tokyo-based Line has about 340 million users, and could be worth as much as $US14.9 billion. In fact, it’s the number one mobile messenger service in Japan, Taiwan, and Thailand.

This comes at a time when the mobile messaging space is heating up. Just this month, Facebook bought Line for a whopping $US19 billion.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

line sai-us whatsapp