Worst case coming? The giant sold $80 billion in assets

category:Finance
 Worst case coming? The giant sold $80 billion in assets


Mr Sun said his company had planned to sell $40bn of assets, but eventually sold $80bn to protect liquidity, including the sale of UK chip designer arm for $40bn and Alibaba shares worth $20bn. Sun Zhengyi believes that with $80 billion in cash on hand, once Softbanks share price falls, he can more actively buy back more stocks, and he can continue to invest in private enterprises and publicly listed companies. However, Mr. Sun did not comment on whether he would privatize Softbank and delist from the open market.