SoftBank considers acquiring stake in Seven & I to strengthen electronic payments business
SoftBank Japan and its affiliated electronic payment service company are studying the possibility of acquiring a stake in Seven & I Holdings, which operates the 7-Eleven chain of stores, to help counter rival payment company alliances. This deal follows SoftBank's completion of its $40 billion investment in OpenAI, as well as its expansions into data center battery manufacturing and AI infrastructure development in France. Negotiations between the companies are ongoing to reach an agreement this summer.
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