SoftBank’s PayPay to Buy T&D’s Life Insurer for $840 Million
Title: PayPay, Backed by SoftBank, Acquires T&D Life Insurer in $840 Million Deal
PayPay Corp. has entered into an agreement to acquire T&D Holdings’ life insurance unit for $840 million. This strategic move follows the digital payments firm’s recent debut on the Nasdaq, where it and an affiliate of SoftBank Group Corp. raised $879.8 million during its initial public offering on Thursday, March 12, 2026, at the Nasdaq MarketSite in New York. The transaction marked the largest listing for a Japanese company on a U.S. stock exchange in ten years.
Source: Bloomberg Generated at: 2026-06-04 08:20:46 UTC
