(Bloomberg) — SoftBank Group Corp. unveiled a plan to raise as much as 4.5 trillion yen ($41 billion) to replenish its coffers and slash debt over the coming year, moving to address investors’ concerns about its exposure to money-losing businesses during the coronavirus pandemic. Its shares surged.The Japanese investment giant said it’s authorized the sale or monetization over the next four quarters of its assets, which include major holdings in corporations from China’s Alibaba Group Holding Ltd. to sharing-economy stalwarts such as Uber Technologies Inc. Billionaire Masayoshi Son’s company also said it was establishing a new share buyback program of …read more
Source:: Yahoo Finance
