SoftBank, PayPay in talks to invest in Seven & i, Bloomberg says
SoftBank, PayPay in talks to invest in Seven & i, Bloomberg says TOKYO, July 10 (Reuters) - SoftBank Corp 9434.T and mobile payments operator PayPay PAYP.O are in talks to invest in retail giant Seven & i Holdings 3382.T, Bloomberg News reported on Friday.
The investment will likely total several hundred billion yen and also Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group 8316.T, may also take a stake, Bloomberg said.
(Reporting by Tokyo bureau; Editing by Emelia Sithole-Matarise)
Recent news on SoftBank
See all newsJapan to simulate cyberattacks as PHP flaws roil global internet (updated)
Japan to simulate cyberattacks as PHP flaws roil global internet
SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows
Brief: Nokia And Softbank Corp Agree To Conduct Commercial AI-Ran Field Trial In Japan
SoftBank junk bond sale raises stakes for CEO Son's all-in AI bet