UK markets closed

NAVER Corporation (035420.KS)

KSE - KSE Delayed price. Currency in KRW
Add to watchlist
298,000.00-2,500.00 (-0.83%)
At close: 3:30PM KST
Full screen
Previous close300,500.00
Bid298,500.00 x 0
Ask299,000.00 x 0
Day's range296,000.00 - 302,000.00
52-week range135,000.00 - 347,000.00
Avg. volume1,076,806
Market cap43.319T
Beta (5Y monthly)0.83
PE ratio (TTM)N/A
Earnings date29 Oct 2020 - 02 Nov 2020
Forward dividend & yield376.00 (0.13%)
Ex-dividend date27 Dec 2019
1y target est155,296.00
  • SoftBank, Naver to Take Line Private Through Squeeze Out

    SoftBank, Naver to Take Line Private Through Squeeze Out

    (Bloomberg) -- SoftBank Corp. and Naver Corp. said they would seek to compel Line Corp.’s remaining public shareholders to sell out so the two companies can take the messaging service private.SoftBank and Naver made a tender offer to buy Line shares, but some investors had resisted the proposal because the 5,380 yen price was thought to be too low. The acquirers now plan to proceed with what’s known as a squeeze-out, a legal maneuver to force the last investors to part with their securities.SoftBank Group Corp. founder Masayoshi Son wants to combine his Yahoo Japan internet business with Line to create a national champion, with the goal of competing more effectively against global giants like Google and Tencent Holdings Ltd. The combined company aims to spend 100 billion yen ($950 million)annually on development of AI-powered products.As they announced the proposed deal last November, the two companies said the combination is driven by a sense of crisis that global giants are increasing their grip on the technology industry and countries like Japan risk falling behind. Together, Line and Yahoo Japan, which operates as Z Holdings Corp., will be able to share engineering resources, access broader sets of data and invest more in areas like artificial intelligence, the chief executive officers said at the time.SoftBank Corp., the domestic wireless unit of Son’s empire, said 31.2 million shares, including 1.09 million share certificates, were tendered in the joint bid with Naver. They had said it could purchase up to 88.3 million shares.Line shares are little changed for the year at 5,370 yen.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs

    Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs

    New investment firm Do Ventures announced today the first closing of its fund for Vietnamese startups, which is backed by several of Asia’s most notable institutional investors. Called Do Ventures Fund I, the investment vehicle has hit more than half of its $50 million target, with limited partners including Korean internet giant Naver; Sea, whose businesses include Garena and Shopee; Singapore-based venture capital firm Vertex Holdings; and Korean app developer Woowa Brothers. Do Ventures was founded by general partners Nguyen Manh Dung, former CEO of CyberAgent Ventures Vietnam and Thailand, and Vy Hoang Uyen Le, previously a general partner at ESP Capital.

  • Yahoo Japan and Line Corp. confirm merger agreement

    Yahoo Japan and Line Corp. confirm merger agreement

    SoftBank Corp. announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp., in a move they hope will better position them against competitors. SoftBank and Naver, the owner of Line, will each hold 50% of a new holding company that will operate Line and Z Holdings.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more