The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may also take a stake, Bloomberg said.

SoftBank and its payments arm PayPay are in talks to invest in Seven & i, the owner of 7-Eleven, according to Bloomberg, as the retailer restructures.

TOKYO, July 10 : SoftBank Corp and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings, Bloomberg News reported on Friday.Bloomberg said the…