Friday, 14 May 2021

SoftBank in $41bn push to buy back shares

by Harry Baldock, Total Telecom
Monday 23 March 20

The funds will be raised through an enormous asset sale, as shares nose dive amid the COVID-19 pandemic

SoftBank has announced that it plans to sell around $41 billion of its assets in an attempt to reinforce its falling share prices and reduce its debt. With debt currently totalling around $55 billion, the company has been hit significantly by the coronavirus pandemic, largely due to its investments in hotel groups and ride…

SoftBank has announced that it plans to sell around $41 billion of its assets in an attempt to reinforce its falling share prices and reduce its debt. With debt currently totalling around $55 billion, the company has been hit significantly by the coronavirus pandemic, largely due to its investments in hotel groups and ride…

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