Softbank Group (9984 JP) fell to a recent low of 2,687 JPY on March 19. Reseasons were the corona crisis hitting its portfolio of startups and mounting credit fears. Since then it recovered strongly, currently trading for 4,735 (+76%). Developments taking place were manyfold, such as …
- Son communicated plans to sell assets for 41 bn$
- Softbank abandoned its deal to buy 3 bn$ of WeWork shares
- CDS premiums dropped sharply from a high of 550 bps to 370 currently
- Another value investor took a stake besides Elliott
- Softbank announced Share Buy Backs
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