According to foreign media reports, Yahoo Japan recently announced that it will acquire Japanese foreign company CyberAgent’s foreign exchange company for 21 billion yen (US$254 million). This is to increase the company’s financial services and add a new company’s The growth point. Yahoo Japan said in a document submitted to the Tokyo Stock Exchange that the two companies had reached an agreement on Wednesday and expected the transaction to be completed on January 31, 2013.
CyberAgent's FX company CyberAgent FX was established in September 2003 and is headquartered in Tokyo, Japan. As of March 31 this year, the foreign exchange company’s net asset value was 9.1 billion yen.
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