SoftBank Announces a $41 Billion Assets Sale to Buy Back Shares

SoftBank, Assets, Buy Back Shares, buy back shares, telecoms, company
SoftBank Announces a _41 Billion Assets Sale to Buy Back Shares

SoftBank Group Corp plans to raise $41 billion to buy back shares and reduce debt. The Japanese technology and telecoms company says its shares are undervalued by 73%. The company’s founder, Masayoshi Son, said the move reflected “the firm and unwavering confidence we have in our business.”

Microsoft announces change to its board of directors

The company will buy up to 2 trillion yen ($18.1 billion) of its shares in addition to a buyback of up to 500 billion yen announced earlier this month. The asset sale will be executed over the next four quarters.

Source:https://in.reuters.com/article/softbank-group-buyback/softbank-plans-41-billion-of-asset-sales-to-expand-buyback-and-cut-debt-idINKBN21A0GI

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