December 26, 2018 / 9:26 AM / in a month

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

FILE PHOTO: A Cellebrite forensic device extracts data from a Samsung mobile phone during a demonstration at a training centre in Beijing, China June 19, 2018. REUTERS/Cate Cadell

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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