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SoftBank Group gets even more defensive with $12 billion stake sale

The Tokyo-based parent said it will sell 927 million shares in SoftBank through a global secondary offering, about a third of its stake

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SoftBank | Masayoshi Son

Bloomberg 



Masayoshi Son asked Visal Shekhar Sharma to take more funds than the $1.8 billion Paytm needed for expansion
Masayoshi Son’s SoftBank Group said it will sell about $12.5 bn of the stock it holds in its Japan­ese wireless operation

Masayoshi Son’s Group said it will sell about ¥1.33 trillion ($12.5 billion) of the stock it holds in its Japan­ese wireless operation, adding to massive asset sales that have helped his conglomerate get back on track after missteps with start-up investments.

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First Published: Sat, August 29 2020. 01:59 IST

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