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SoftBank

SoftBank shares sag after satellite investment collapses

OneWeb's bankruptcy filing puts tech group's unlisted assets under fresh scrutiny

The bankruptcy filing by U.K.-based satellite operator OneWeb on March 27 hit SoftBank hard. The Japanese technology group had invested some $1.9 billion in OneWeb and owned nearly 40% of its shares. (Nikkei Montage/ Source photo by Reuters) 
WATARU SUZUKI, Nikkei staff writer | Japan

TOKYO -- SoftBank Group's share price rally ended abruptly on Monday after the collapse of one of its investments raised fresh worries over the quality of the technology group's assets.

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