WHEELING AND DEALING: SoftBank has been turning to overseas deals for growth amid a lacklustre Japanese economy and shrinking demographics.
TOKYO: Japanese telecoms group SoftBank Corp is investing US$1bil (RM3.68bil) in South Korean online retailer Coupang as part of a plan to step up its overseas expansion and as it struggles to turn around US carrier Sprint which it bought in 2013.
SoftBank has been turning to overseas deals for growth amid a lacklustre Japanese economy and shrinking demographics. The latest move comes two days after SoftBank said it had increased its controlling stake in Supercell, the Finnish mobile games maker best known for its hit title Clash of Clans.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
