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SoftBank to sell 5% stake in Japanese mobile arm

Tech conglomerate continues sale of blue-chip assets

SoftBank says it will sell a stake in its Japanese mobiile unit as part of a bigger asset sales plan. (Photo by Wataru Ito)

TOKYO -- SoftBank Group on Thursday said it will sell a 5% stake in SoftBank Corp., its Japanese mobile unit, through securities companies as part of a $41 billion asset sale program.

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