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Masayoshi Son cuts SoftBank shares pledged to lenders by $810 million

Jay Feldman by Jay Feldman
September 26, 2020
in Business
Reading Time: 1min read
Masayoshi Son cuts SoftBank shares pledged to lenders by $810 million
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Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.

Masayoshi Son has reduced the number of SoftBank Group shares he’s pledged as collateral to lenders by about $810 million, cutting back after heavy borrowing had raised questions about the stability of his technology empire.

Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.

He holds about 562 million shares directly and indirectly, which are worth $33 billion before taking into account collateral.

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Tags: Business
Jay Feldman

Jay Feldman

I am an Osteopathic doctor with a love for business, traveling, and animals. I hope to give back to the community through empowering individuals to help others through media and business. I love learning new things and sharing them with the world. I hope you enjoy my page.

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