IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<p><a href="https://www.smartkarma.com/entities/softbank-corp" target="_blank" data-smartkarma-citation="entities:27445:1" rel="noopener">Softbank Corp (9434 JP)</a> plans to merge <a href="https://www.smartkarma.com/entities/z-holdings-corp" target="_blank" data-smartkarma-citation="entities:19603:1" rel="noopener">Z Holdings (4689 JP)</a> (ZHD) with messaging app operator <a href="https://www.smartkarma.com/entities/line-corp" target="_blank" data-smartkarma-citation="entities:22772:1" rel="noopener">LINE Corp (3938 JP)</a> to create a $30 billion tech giant. The merger agreement is expected to be signed by the end of January 2020 and completed in October 2020. </p><div class="content-highlight"><p>The merger makes sense due to material synergies from connecting LINE’s communication platform with the services of ZHD, particularly the e-commerce service. However, the proposed terms of the merger seem to be attractive for all the stakeholders apart from ZHD minorities.</p></div>

Softbank Corp (9434 JP) plans to merge Z Holdings (4689 JP) (ZHD) with messaging app operator LINE Corp (3938 JP) to create a $30 billion tech giant. The merger agreement is expected to be signed by the end of January 2020 and completed in October 2020. The merger makes sense due to material synergies from connecting LINE’s communication platform with the services of ZHD, particularly the e-commerce service. However, the proposed terms of the merger seem to be attractive for all the stakeholders apart from ZHD minorities.

Z Holdings Merger with LINE: Unequal Spirit

LY

Z Holdings Merger with LINE: Unequal Spirit