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Japan flags foreign takeover of 7-Eleven owner as a security issue (www.reuters.com)

submitted 1 year ago by slartibartfast@lemm.ee to c/world@quokk.au

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Seven & i was classified as "core" to Japan's national security in September, raising questions as to whether it was a defensive move. The finance ministry said at the time that the classification would not create hurdles to a potential buyout.

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[–] cm0002@lemmy.world 4 points 1 year ago (1 children)

Wait. !holdthefuckup.

7-11 is a Japanese company‽‽

[–] jmcs@discuss.tchncs.de -1 points 1 year ago (1 children)

No, it's American. This is the Japanese government telling the US government to stop being nationalistic about the US Steel/Nippon Steel merger.

[–] cm0002@lemmy.world 9 points 1 year ago

I looked it up, it's owned by a Japanese company. They bought ownership of it, 70% in 1993 and then 100% in 2005, so it did start as an American company.