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March 24, 2020

SoftBank to buy back $41B in assets to trim debt

By ELAINE KURTENBACH
AP Business Writer

BANKGOK — The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to $41 billion of its assets as it seeks to trim its gigantic debt burden.

The company's founder, Masayoshi Son, said the move reflected “the firm and unwavering confidence we have in our business.”


 
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