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SoftBank to sell up to $41 billion assets to fund another share buyback, reduce debt

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

TOKYO (HeadlineNews) – SoftBank Group Corp (9984.T) said on Monday it would sell up to 4.5 trillion yen ($41 billion) in assets to fund a share buyback of up to 2 trillion yen and reduce debt.

The share buyback is in addition to a buyback of up to 500 billion yen announced earlier this month.

Reporting by Sam Nussey; Editing by Muralikumar Anantharaman

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