SoftBank to Sell $41 Billion in Assets, Signaling End of Buying Spree

Japan’s SoftBank Group Corp., 9984 18.95% which poured nearly $100 billion into pricey, cash-burning startups in the last years of the bull market, said Monday it would sell billions of dollars in assets to prop up its plunging stock price and shore up its debt-laden balance sheet following the threat of a ratings downgrade.