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SoftBank Plans $41 Billion Asset Sale, Share Buyback

By
Juro Osawa
· · Source: The Information

SoftBank Group said it plans to sell up to 4.5 trillion yen ($41 billion) of its assets over the next four quarters. Using that money, the tech investment giant plans to buy back as much as 2 trillion yen worth of its own shares and reduce its debt. SoftBank’s Tokyo-listed stock jumped 19% Monday on the share buyback plans.  SoftBank didn’t say which assets it plans to sell to raise the money....

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