Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.99 +11.29 0.40%
FTSE 100 6,723.06 +35.26 0.53%
DAX 8,398.00 +28.13 0.34%
Ticker Volume Price Price Delta
Nikkei 15,360.80 +222.69 1.47%
Hang Seng 23,467.20 +384.57 1.67%
S&P/ASX 200 5,209.00 +28.23 0.54%

Yahoo Japan Buys CyberAgent Currency-Trade Unit for $254 Million

Yahoo Japan Corp. (4689), owner of the nation’s largest Web portal, acquired CyberAgent Inc. (4751)’s foreign- exchange unit for 21 billion yen ($254 million) to tap increasing demand for trading on smartphones.

Yahoo Japan, 35 percent owned by billionaire Masayoshi Son’s Softbank Corp. (9984), signed the agreement today with completion of the deal slated for Jan. 31, the company said in a statement to the Tokyo Stock Exchange.

Buying Tokyo-based CyberAgent FX Inc. will add to Yahoo Japan’s financial services, which include news and trading settlements.

CyberAgent FX was formed in September 2003 and held 9.1 billion yen of net assets as of March 31, according to the statement. CyberAgent operates the Ameba blogging service.

To contact the reporter on this story: Shigeru Sato in Tokyo at ssato10@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link