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SoftBank Corp to raise $800 million via bond-type class shares

Economic Times · 1y

SoftBank Corp plans to raise around $800 million through the issuance of bond-type class shares, according to sources. This move is expected to bolster the company's finances and provide flexibility to invest in various technology companies. SoftBank Corp aims to capitalize on the booming tech industry by investing in companies focused on artificial intelligence, robotics, and 5G technology. The issuance of bond-type class shares allows SoftBank to raise capital without diluting the ownership of existing shareholders.