Japan’s SoftBank is planning to partner with Line Corp, a messaging app operator. Reportedly, the firm wants to unite its Internet unit Yahoo Japan with Line Corp and form a huge tech company worth $30 Billion. SoftBank’s key motive in this merger is to acquire struggling Internet firms and strengthen itself against competitors such as… Continue reading SoftBank To Merge Yahoo Japan With Line And Form $30 Billion Tech Giant
Category: Top Stories
Saudi Arabia Plans To Diversify Away From Its Oil Business
Saudi Arabia estimates its giant state oil monopoly to be worth approximately $1.7 Trillion. Recently, Saudi Aramco publically declared that it will be selling around 1.5% of its 200 Billion shares in inequitable privatization for somewhere between 30 Riyals and 32 Riyals each. Aramco is a profitable company and thus, it could be worth 6–6.4… Continue reading Saudi Arabia Plans To Diversify Away From Its Oil Business