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SoftBank Corp Doubles Bond Sale to ¥80 Billion on Strong Demand

SoftBank Corp Doubles Bond Sale to ¥80 Billion on Strong Demand
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SoftBank Corp to Raise Over $800 Million Via Bond-Type Shares

(Bloomberg) SoftBank Corp. will decide as early as Monday to raise as much as ¥120 billion ($809 million) via Japan’s first public offering of bond-type class shares, according to people familiar with the situation. Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsIndia-Canada Clash Should Be a Wakeup CallWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundCorzine Plans to Shut Hedge Fu

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SoftBank s Son to Step Down From Chairman Role at Mobile Unit

Pavel Alpeyev, Bloomberg News (Bloomberg) SoftBank Corp., the domestic wireless unit in Masayoshi Sonâs empire, said that Son will step down as chairman of the business while Junichi Miyakawa takes over as chief executive officer. Ken Miyauchi, who has been CEO, will move into the chairmanâs role in Sonâs place, the company said in a statement. Son spun the wireless business out of his SoftBank Group Corp. in 2018 and has sold his stake down to about 40%, according to data compiled by Bloomberg. Telecom services had long been the cornerstone of Sonâs conglomerate, but he has been shifting his attention to financial investments. His $100 billion Vision Fund has invested in scores of startups, with many going public in the surging stock market.

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