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NIFCO to sell The Japan Times

Japan's NIFCO Inc. has agreed to sell English-language newspaper The Japan Times to News2uHD Group, according to a June 12 announcement.

NIFCO, a manufacturer of auto parts, will sell all shares in The Japan Times to News2u Holdings for an undisclosed sum. The sale will be completed in late June.

Founded in 1897, The Japan Times is the oldest English-language newspaper in the country. Meanwhile, News2uHD is engaged in the creation and support of digital businesses.