7-Eleven Operator Exploring Share Sale to SoftBank, PayPay
Seven & i (TYO:3382), operator of the 7-Eleven convenience store chain, is considering a multibillion-yen sale of shares to SoftBank (TYO:9984) and LY's (TYO:4689) PayPay, Bloomberg News reported Monday, citing people familiar with the matter. The investment would strengthen the companies' partnership and help Seven drive earnings growth at its convenience store business, the report said. The three companies aim to finalize an agreement by August, though discussions remain ongoing and no deal is guaranteed, The report added that a potential investment by Sumitomo Mitsui's credit card unit could further deepen the partnership. Seven & i, Softbank, and Paypay didn't immediately respond to ' request for comment.
Seven & i (TYO:3382), operator of the 7-Eleven convenience store chain, is considering a multibillion-yen sale of shares to SoftBank (TYO:9984) and LY's (TYO:4689) PayPay, Bloomberg News reported Monday, citing people familiar with the matter.
The investment would strengthen the companies' partnership and help Seven drive earnings growth at its convenience store business, the report said.
The three companies aim to finalize an agreement by August, though discussions remain ongoing and no deal is guaranteed, The report added that a potential investment by Sumitomo Mitsui's credit card unit could further deepen the partnership.
Seven & i, Softbank, and Paypay didn't immediately respond to ' request for comment.