Fears of second COVID-19 wave see SoftBank sell $12.5bn shares in telco unit

Aug 28, 2020
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As a group, SoftBank has been hit hard by the coronavirus pandemic. Many of their investments, such as into the hotel chain Oyo, have seen a dramatic loss in value during the crisis, leaving SoftBank in something of a crisis of its own. Back in March, CEO Masayoshi Son began a $41 billion programme of asset sales to help dramatically reduce its debt and buy back shares…

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