Japan's Line denies report of talks to sell stake to SoftBank

TOKYO/SEOUL (Reuters) - Japan-based Line Corp denied a media report it was in talks to sell a stake to SoftBank Corp (TYO:9984) - a report that comes after big acquisitions of rival messaging app firms have fanned speculation that it too may be up for grabs. SoftBank's founder Masayoshi Son has held talks with Line about a purchase, Bloomberg News said, citing a person with knowledge of the matter. We haven't had any talks with SoftBank," said an official in Naver's investor relations team. SoftBank, Japan's No. 3 biggest mobile operator and a prolific investor in Internet firms, said it would not comment on speculation.

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