SoftBank to Sell $41 Billion in Assets, Plans Big Share Buyback - News Summed Up

SoftBank to Sell $41 Billion in Assets, Plans Big Share Buyback


TOKYO—Technology investor SoftBank Group Corp. said it would sell up to $41 billion in assets in order to buy back shares and redeem debt, an unprecedented move to combat its tumbling stock and bond prices. The plan—the biggest in the Japanese company’s history—would earmark as much as $18 billion for share buybacks, on top of a roughly $4.5 billion share repurchase plan announced just more than a week ago. Together,...


Source: Wall Street Journal March 23, 2020 06:34 UTC



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