Japanese firms agree to sell payment startup Pring to Google
13/07/2021 07:42
TOKYO, July 13 (Reuters) - Japanese cashless payment
technology company Metaps Inc 6172.T and gas supplier Nippon
Gas Co 8174.T said they agred to sell their shares in payment
startup Pring to Alphabet's Google GOOGL.O .
Metaps said in a statement that it was selling its 45% stake
for 4.9 billion yen ($44.39 million), while Nippon Gas announced
separately that it would book a gain of 1.2 billion yen from the
deal.
The deal was first reported by the Nikkei financial daily,
which said Google was buying the startup for over 20 billion
yen.
(Reporting by Tokyo Newsroom; Editing by Kim Coghill)
((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))