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Market Chatter: SoftBank Advances as Preferred Bidder for Payment Firm SP.LINKS

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SoftBank Corp. (TYO:9434) emerged as the preferred bidder for Tokyo-based private payments service provider SP.LINKS, Bloomberg reported Monday, citing people familiar with the matter.

The Japanese investment firm is in talks to acquire the 80% stake in SP.LINKS held by Blackstone and the remaining 20% share held by Sony Financial Group's banking arm, the report quoted the sources as saying.

SoftBank and Blackstone did not immediately respond to' request 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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