Blackstone is moving ahead with a potential sale of its Japanese payments company SP.LINKS Inc, with SoftBank Corp among the bidders progressing to the next stage, according to a report by Bloomberg citing unnamed people familiar with the matter.
The US private equity firm is targeting a valuation of around JPY100bn ($625m) for the business, which operates in Japan’s rapidly expanding cashless payments market. Second-round bids are expected around mid-July, with a private equity fund also unders...
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