(Bloomberg) — SoftBank Group Corp. unveiled a plan to raise as much as 4.5 trillion yen ($41 billion) over the coming year to buy back stock and slash debt, a dramatic attempt to reassure investors about the stability of its empire amid fallout from the global outbreak of Covid-19.Billionaire Masayoshi Son’s investment giant said it’s authorized the sale or monetization over the next four quarters of unspecified assets. It didn’t say which, but SoftBank has major holdings in corporations from China’s Alibaba Group Holding Ltd. to sharing-economy stalwarts such as Uber Technologies Inc. and WeWork. Part of the sale proceeds …read more
Source:: Yahoo Finance
