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ò The Softbank Corp. group said it would purchase a stake of about 20 percent in UK betting firm The Sporting Exchange TSEL for an estimated 50 billion yen $429.4 million possibly by April. To do this, Softbank said it would create an investment fund to buy 15-20 percent of the outstanding shares in TSEL from its shareholders, before buying 3 percent of new shares to be issued by the U.K. firm, a move that will increase the Softbank group's stake to 18-23 percent. TSEL owns Betfair, an online betting exchange with a global presence.
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ò Toppan Printing said it would initiate the full-scale production of smart cards at...
