SoftBank to slash holding in wireless carrier to 40.4%; could raise $14 billion

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The offer price for the 1.02 billion shares, including over-allotment, will be set between Sept. 14-16.

SoftBank Corp shares closed down 1.6% at 1,431 yen on Friday.

SoftBank CEO Masayoshi Son has been selling down the group’s core assets to stabilise its balance sheet amid the coronavirus pandemic.