SoftBank to unload stake in Swedish cloud computing provider Sinch - Nikkei Asia

Quick Summary:

SoftBank Group's headquarters in Tokyo.

Investment company Neqst D2 will hold about 18.6% of Sinch's outstanding stake at the completion of the sale, Sinch added.

Softbank will sell its 5% stake to Sinch's chief executive, Johan Hedberg, and its largest shareholder, Neqst D2.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Markets: Japan

Topics: Company Computing Sinch Swedish Provider Nikkei Softbank Services Stake Cloud Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 19:08:00 (4 months ago)

News Timezone: GMT +9:00

Ranking: #42 (out of 3347 stories this day)

News Source URL: asia.nikkei.com

Language: English

Article Length: 154 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 625314

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