Japan's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech giant, as it strives better compete to with local rival Rakuten and US tech powerhouses.

SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

Yahoo Japan Corp said it will take over Japan's biggest online fashion retailer Zozo Inc for 400 billion yen ($3.7 billion), seeking to breathe fresh life into the business and compete better against the likes of Amazon.

Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion

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SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion