SoftBank to slash holding in wireless carrier; could raise $14 billion

By Syndicated Content Aug 28, 2020 | 3:02 AM

TOKYO (Reuters) – SoftBank Group Corp <9984.T> said on Friday it planned to slash its exposure to wireless carrier SoftBank Corp <9434.T> to 40.4% from 62.1% now, in a sale worth 1.47 trillion yen ($13.8 billion) at Friday’s closing price.

(Reporting by Sam Nussey; Editing by Clarence Fernandez)