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.
GMO Financial Holdings will buy all outstanding shares of the unit -- known as YJFX -- from Z Holdings, which plans to focus its resources on other services such as mobile payment platform PayPay.
