SoftBank wants to buy back 45% of its shares to survive the coronavirus
(Source: thenextweb.com)

clicks | 9 days ago | comments: discuss | tags: cryptocurrency


Article preview (bot search)

(Original link: thenextweb.com)

TNW News Latest Hard Fork Plugged Fundamentals Read Me More TNW News TNW2020 Enterprise Intelligence Answers Spaces About News
TNW Did
Powered by
Blockchain, cryptocurrencies, and insider stories by TNW.
Insights SoftBank Coronavirus Shareholder DoorDash Elliott Management Corporation SoftBank wants to buy back 45% of its shares to survive the coronavirus Coronavirus has impacted SoftBank's major investments
Story by David Canellis 56 Shares Japanese billionaire Masayoshi Son has a plan to save SoftBank from the coronavirus: Sell $41 billion worth of its assets and use the cash to clear debt and buy its own shares.
Masayoshi hopes such drastic measures will reassure shareholders of his firm’s resilience under threat of global recession. “This will allow us to strengthen our balance sheet while significantly reducing debt.” he said in a statement ....