PayPay Subsidiary Acquires Majority Stake in T&D Financial Life Insurance
PayPay Corp., a subsidiary of SoftBank Group, has approved the acquisition of a 70.2% stake in T&D Financial Life Insurance from T&D Holdings. The deal is expected to be funded using PayPay's existing cash reserves and will make T&D Financial Life a subsidiary of both PayPay and ultimately SoftBank Group.
Topics: acquisition financial services insurance