Yahoo! Japan Corporation, a joint venture between American Internet company Yahoo! and Japanese telecommunications Corporation Softbank, through its subsidiary Z Corporation has confirmed its intent to acquire a minority stake (40%) officially licensed in the country of crypto currency exchange Bitarg Tokyo Exchange Co. Ltd.

The remaining 60% will remain under the control of CMD Lab, the parent company Bitarg previously denied the possibility of selling shares of Yahoo! Japan. According to some sources, the transaction price is 2-3 billion yen (of$18.6-$27.9 million).

It is expected that the new exchange will begin full operation this fall.

Recall that the crypto currency exchange Bitarg was established in may 2017, with Aug stopped work, and in December received a license from the Agency for financial services of Japan (FSA) to trade bitcoins.