Softbank Corp. is selling the vast majority of its stake in Yahoo Inc.
Softbank, the Japanese Internet group, said Friday it will pocket a handsome profit by repaying a $1.135 billion loan it took out from Citibank in the U.S. with most of its 4% stake in Yahoo Inc., which is worth around $650 million at current market value.
After taking on mountains of debt to buy Vodafone Group PLC's Japan operations in the mid-2000s, Softbank was able to transform itself from an internet provider to Japan's third largest and fastest growing cellphone ...
Softbank Corp. is selling the vast majority of its stake in Yahoo Inc.
Softbank, the Japanese Internet group, said Friday it will pocket a handsome profit by repaying a $1.135 billion loan it took out from Citibank in the U.S. with most of its 4% stake in Yahoo Inc., which is worth around $650 million at current market value.
After taking on mountains of debt to buy Vodafone Group PLC's Japan operations in the mid-2000s, Softbank was able to transform itself from an internet provider to Japan's third largest and fastest growing cellphone ...
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