SoftBank sets price in telco stake sale worth $11.7 billion

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SoftBank Group said late last month it would slash its stake in Japan’s third-biggest wireless carrier to 40%, part of a wave of asset sales by the group as it builds up cash.

Seperately on Monday the group announced the sale of chip designer Arm to Nvidia Corp (O:NVDA) in a deal that will raise up to $40 billion.