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Business deals

SoftBank unit Z Holdings to sell forex ops to focus on PayPay

GMO bolsters top spot in Japan's retail currency trading with purchase

SoftBank Group subsidiary Z Holdings will focus its resources on other services such as mobile payment platform PayPay.

TOKYO -- SoftBank Group subsidiary Z Holdings, the parent company of Yahoo Japan, plans to sell its retail forex margin trading operations to market leader GMO in a 30 billion yen ($275 million) deal, Nikkei has learned.

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