TOKYO, July 10 (Reuters) - SoftBank Corp and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings, Bloomberg News reported on Friday.
Bloomberg said the investment will likely total several hundred billion yen and Sumitomo Mitsui Card may also take a stake, while the Nikkei business daily reported later that total investment is expected to reach up to 300 billion yen ($1.85 billion).
Sumitomo Mitsui Card is a unit of Sumitomo Mitsui Financial Group.
Reuters could not immediately verify the reports. SoftBank, Seven & i, PayPay and SMFG declined to comment.
Seven & i operates 7-Eleven stores worldwide, with ***** an and the U.S. its largest markets.
Bloomberg said the investment will likely total several hundred billion yen and Sumitomo Mitsui Card may also take a stake, while the Nikkei business daily reported later that total investment is expected to reach up to 300 billion yen ($1.85 billion).
Sumitomo Mitsui Card is a unit of Sumitomo Mitsui Financial Group.
Reuters could not immediately verify the reports. SoftBank, Seven & i, PayPay and SMFG declined to comment.
Seven & i operates 7-Eleven stores worldwide, with ***** an and the U.S. its largest markets.
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