SoftBank Is Reportedly Seeking A Stake In Line, Japan's Most Popular Messaging App
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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 $14.9 billion. In fact, it's the number one mobile messenger service in Japan, Taiwan, and Thailand.
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This comes at a time when the mobile messaging space is heating up. Just this month, Facebook bought Line for a whopping $19 billion.
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