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Reuters
Reuters
Business

Sun Corp in talks to sell stake in Israel's Cellebrite -newspaper

FILE PHOTO: The logo of Japanese electronics maker Sun Corp. is displayed at the company's Tokyo office in Tokyo March 30, 2016. REUTERS/Issei Kato/File Photo

JERUSALEM (Reuters) - Japan's Sun Corp <6736.T> is looking to sell up to 50 percent of Israeli digital intelligence provider Cellebrite at a valuation of $400 million, an Israeli financial newspaper said on Wednesday.

Sun Corp values the fully-owned affiliate, which specializes in forensics and extraction of data from mobile devices, at $400 million, The Calcalist newspaper said.

Sun Corp was in talks with a number of potential buyers, including Australia's Macquarie Group <MQG.AX> and U.S. private equity firm KKR <KKR.N>, it said.

Officials at Cellebrite, Sun Corp and Macquarie were not immediately available for comment. KKR declined to comment.

(Reporting by Ari Rabinovitch; Editing by Mark Heinrich and John Stonestreet)

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