) said it would sell up to 22% of the telco’s shares, slashing its exposure to the carrier to 40%.
SoftBank Group’s shares were up almost 5% as a series of massive asset sales and share buybacks continue to fuel its climb from March lows. SoftBank Group “is manifesting a very disciplined approach to managing its balance sheet but does not bode so well for shareholders,” Jefferies analyst Atul Goyal wrote in a note.
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