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](https://krugmaninsights.com/wp-content/uploads/2023/12/BN-XV779_BXCHIN_GR_20180313182937-1024x668.jpg)
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