Google to Acquire Japan Payments Company Pring
July 13 2021 - 5:54AM
Dow Jones News
By Justina Lee
Alphabet Inc.'s Google has agreed to acquire Japan-based
payments company Pring, amid growing demand for cashless services
in the country.
Metaps Inc., Miroku Jyoho Service Co. and Nippon Gas Co., which
are Pring's three largest shareholders, said Tuesday that they
would sell a combined 87% stake to Google.
Financial technology company Metaps said it will sell its 45%
stake in Pring for 4.9 billion yen ($44.4 million). Miroku said it
would sell a 22.7% holding, while Nippon Gas is selling an 18.6%
stake.
Write to Justina Lee at justina.lee@wsj.com
(END) Dow Jones Newswires
July 13, 2021 05:47 ET (09:47 GMT)
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