Zomato, which counts subsidiaries of Chinese tycoon Jack Ma's Ant Group and Uber among its shareholders, dominates India's booming app-based food-delivery space alongside rival Swiggy.
The Japanese company is looking to merge South Korean owned Line with Yahoo Japan, recently renamed to Z Holdings Corp.
The Saudis might be considering Japan as a venue to go public with the world's most profitable company, and reap the benefits of the lower political and regulatory liabilities in the country.
The cancellations continue to mount as high-profile executives, organisations and media groups back out of Saudi Arabia's Future Investment Initiative conference after the murder of Saudi journalist Jamal Khashoggi.
The SoftBank deal clears the way for the scandal-plagued, but very valuable tech firm, to sell stock to the public, with an IPO expected before the end of 2019.
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