Market Chatter: Blackstone Moves Closer to Selling SP.LINKS Stake With SoftBank Emerging as Preferred Bidder

MT Newswires Live

07/27

Blackstone (BX) is moving closer to sell payments service provider SP.LINK, with SoftBank emerging as the preferred bidder, Bloomberg reported Monday, citing people familiar with the matter.

The private-equity firm is divesting its 80% stake, while another owner plans to sell the remaining 20%, sources told Bloomberg.

Blackstone and SoftBank did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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