SoftBank has announced nearly $94 billion in asset sales this year, according to Wall Street Journal calculations—even before Brightstar
Japan’s SoftBank Group Corp. continued a remarkable string of asset sales on Friday, saying it is selling U.S.-based wireless-services unit Brightstar Corp. to a private-equity firm founded by a former Brightstar executive.
Neither SoftBank nor purchaser Brightstar Capital Partners disclosed the sale price for the unit, which SoftBank bought in 2014 for roughly $1.7 billion. Brightstar has been losing money for years, and SoftBank posted impairment losses for the unit in 2017 and 2018 totaling 80.8 billion yen, the equivalent...
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