SoftBank At Robin Hood Conference: Looking For The Next AlibabaRupert Hargreaves
Softbank has spent most of its 2020 fighting fires. The Japanese conglomerate and its founder, Masayoshi Son, have struggled with legal battles, volatile markets, and reputational issues over the past 12 months.
The Covid-19 pandemic nearly bought the company to its knees. To restore investor confidence in the junk-rated tech-focused conglomerate, the group announced a $41 billion sale of assets to return to stability earlier in the year.
This plan seems to have worked, for now at least. The conglomerate has managed to meet solvency concerns, and it's now once again looking to the future.
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