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LY Corp., the operator of the Line messaging app, said Wednesday that Japanese telecom company SoftBank Corp. and Naver Corp. of South Korea are in talks on reviewing their shareholdings in the app provider following a massive data breach. The two shareholders are discussing having Softbank take a majority stake, LY said, after Japan’s Ministry of Internal Affairs and Communications called on LY to improve its operations through a review of its capital relationship with Naver. “It is the major premise of the change that SoftBank takes a majority stake,” LY President Takeshi Idezawa said at an …

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