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Z Holdings

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Z Holdings Corporation (Zホールディングス株式会社) was a Japanese internet holding company owned by A Holdings, a joint venture between SoftBank Group and Naver Corporation. It was founded in 2019 as a result of Yahoo! Japan Corporation's change to a holding company structure. In 2020, it merged with Line Corporation, a subsidiary of South Korean Naver Corporation, and became a subsidiary of A Holdings, a joint venture between SoftBank Group and Naver Corp. As a result, Line Corporation became a subsidiary of Z Holdings. In 2023, Z Holdings merged with four of its subsidiaries, including Yahoo! Japan and Line Corporation, to form LY Corporation.