SoftBank Sells Brightstar, Carrying On Its Divestiture Spree (Computers - Software)

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SoftBank Sells Brightstar, Carrying On Its Divestiture Spree


SoftBank Sells Brightstar, Carrying On Its Divestiture Spree
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.
https://www.techics.com/blog/158/softbank-sells-brightstar-carrying-on-its-divestiture-spree
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Last Update : Oct 06, 2020
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2020-11-28 (0.072 sec)