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Blackstone Exclusive: 80% Stake Acquisition in Sony Unit Explained

Sony Group Corp. is selling a majority stake in its payment service provider, Sony Payment Services Inc., to Blackstone Inc. for approximately $280 million.

The Blackstone New York Headquarters. PHOTO: Shutterstock
The Blackstone New York Headquarters. PHOTO: Shutterstock

This deal was confirmed by both Blackstone and Sony Group on Friday; however, the financial details were not disclosed. The transaction is expected to result in a gain of about $176 million for Sony Group.

Sony Payment Services Inc. offers payment processing services to business customers in

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