GMO Financial Holdings to acquire YJFX from Z Holdings-backed Yahoo Japan for $263m.

GMO Financial Holdings, a Japan-based company mainly engaged in the securities and foreign exchange margin trading, agreed to acquire YJFX, a provider of financial investment services, from Z Holdings-backed Yahoo Japan, a service that combines map information and regional information, for $263m. GMO Financial and YJFX will strengthen cooperation by sharing the knowledge, know-how, and management resources that they have cultivated so far, increase the value of services, and through further growth. They will lead the FX industry and contribute to its sustainable development.