Yahoo Japan Acquires CyberAgent FX To Enter Into Financial Business / Internet Watch

Yahoo Japan announced on December 12th that it acquires CyberAgent FX. It it the first entry for Yahoo into financial business. The amount is 21 billion yen. Yahoo acquires all shares from CyberAgent to make the company 100% subsidiary. ...

Internet Watch 12/12/2012 [jp]

memo

• Both Yahoo Japan and CyberAgent are deeply committed to smartphone recently. Yahoo has acquired, invested, and partnered with many startups and large corporations. While, CyberAgent spends 3 billion yen for advertising of smartphone apps in just one month to acquire the market share. But, the strategy look quite different from each other. CyberAgent focuses more on media and advertising domain by selling the FX service. Yahoo seems expanding the coverage of Internet and mobile related services.