Factbox: SoftBank's key assets
23/03/2020 10:11
TOKYO, March 23 (Reuters) - SoftBank Group Corp 9984.T
plans to raise up to 4.5 trillion yen ($41 billion) by selling
or monetising assets to buy back 2 trillion yen of its shares
and reduce debt, it said on Monday. urn:newsml:reuters.com:*:nL4N2BG1K9
SoftBank did not specify what would be sold. Below are its
major assets:
* Alibaba Group Holding BABA.N 9988.HK
Owns 28.9% voting rights of the Chinese e-commerce group.
SoftBank previously monetised part of its stake ahead of the
2016 acquisition of chip designer Arm.
* SoftBank Corp 9434.T
Owns 66.5% voting rights of the Japanese telecoms carrier
after its December 2018 listing.
SoftBank in February said that it would use almost a third
of its stake in the telco to raise up to $4.5 billion from 16
domestic and foreign institutions.
* Sprint Corp S.N
Owns 84.4% voting rights of the U.S. mobile carrier, which
will be merged with T-Mobile US TMUS.O .
* Z Holdings Corp 4689.T
Owns 48.2% voting rights of Z Holdings, which aims to merge
internet company Yahoo Japan and chat app operator Line Corp
3938.T in October.
Z Holdings owns online fashion retailer Zozo Inc 3092.T
and has a stake in mail order company Askul Corp 2678.T .
* Arm
Owns 100% voting rights of the UK-based chip designer, which
SoftBank purchased for $31 billion in 2016. Arm is due for a
stock market relisting by 2023.
* SB Investment Advisers (SBIA)
The wholly owned subsidiary manages the $100 billion
SoftBank Vision Fund.
SBIA is eligible for management fees and performance fees
depending on the performance of the fund, which has recorded two
consecutive quarters of losses. SoftBank also invests in the
fund as a limited partner.
* Brightstar Global Group Inc
Owns 89.5% voting rights of the U.S.-based mobile phone
distributor.
Source: SoftBank Group, Reuters reports
($1 = 109.8200 yen)
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SoftBank plans $41 bln of asset sales to expand buyback and cut
debt ID:nL4N2BG1K9
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(Reporting by Sam Nussey
Editing by David Goodman)
((sam.nussey@tr.com; https://twitter.com/SamNusseyRTRS;
+81345632760;))