SoftBank is set to acquire the payments firm SP.LINKS from Blackstone for $625 million. This acquisition is part of SoftBank's strategy to expand its portfolio in the fintech industry. SP.LINKS offers digital payment solutions that complement SoftBank's technological investments. The deal highlights the continued growth of the payments sector.
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Company
SoftBank Group
Location
Minato City, Tokyo, Japan
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SoftBank has this year executed the sale of about a third of its Alibaba stake through these contracts, a type of derivatives that allows the Japanese company to raise cash immediately while retaining the possibility of holding on to the shares, the report said.
Minato CityEnergyHardwareSoftwareMobileArtificial IntelligenceVenture CapitalAngel InvestmentConsultingFinancial ServicesPaymentsFintechLending