SoftBank Steps Up Asset Sales From Sinking Portfolio

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - TOKYO. SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly US$ 50 billion in losses in just six months. But Chief Executive Masayoshi Son faces narrowing options and slumping valuations, analysts said.

Son said on Monday that he is in discussions to sell asset manager Fortress, without commenting on a valuation. SoftBank also raised US$ 2,4 billion selling shares in T-Mobile US during the latest quarter, while unloading a variety of other holdings.