Global alternative asset manager Blackstone is set to acquire a majority stake in Sony Payment Services Inc. (SPSV) from Sony Bank. SPSV, which was established by Sony Group in 1995, provides payment infrastructure for online payments. As part of the deal, Sony Bank will roll over a portion of its equity and remain a minority investor in SPSV. This marks Blackstone’s first investment in Japan’s fintech sector and will deepen its presence in the country.
Blackstone to acquire majority of Sony Payment, claims FinTech Futures.
