Japan's Seven & i Holdings is considering launching a management buyout that would see the retailer go private in a deal that could be worth up to $58 billion, Bloomberg News reported on Wednesday. Th

The offer brings together a member of the company’s founding family, a giant trading company and some of Japan’s largest banks.

Seven & i Holdings Co. is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth ¥9 trillion ($58 billion),

Japan's Seven & i Holdings said on Wednesday it has received a buyout proposal from its vice president who is a member of its founding Ito family. The statement follows a Bloomberg report that the 7-Eleven owner was considering a management buyout offer (MBO) worth up to $58 billion,