bullish
Naver: Under Pressure from the Japanese Government To Sell Its Stake in LINE
483 Views09 May 2024 01:01
On 8 May, it was mentioned in numerous local media that Naver is under pressure from the Japanese government to sell its stake in LINE.
What is covered in the Full Insight:
- Pressure from Japanese Government to Sell Stake in LINE
- Potential scenarios for Naver
- Possible Financial Impact of Stake Sale
- Naver's Share Price Trend
- Naver 1Q 2024 Earnings Comparison
Boomeranged on Wed, 15 May 2024 14:48
Seong Tae-Yoon (a senior official at South Korean Presidential Office) confirmed that Naver will not be forced to sell its stake in Line Yahoo. He warned that the Japanese government should not take any unfavorable measures against Naver. Thus, we believe there is not likely to be a sale of Naver's stake in Line Yahoo in the near term but this issue could surface again in the next several years.
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