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