Softbank Announces $41 Billion in Asset Sales, Plans $18 Billion in Stock Buy Backs
Softbank (OTC: SFTBY), the Japanese technology company, plans to sell $41 billion in assets in an effort to buy back shares and silence critics of the company.
The plan, the largest in the company's history, includes $18 billion set aside to repurchase shares. That's in addition to the $4.8 billion in buybacks it announced earlier this month. The asset sales will come over the course of the year, with proceeds also going to pay down debt.
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Source Fool.com
