SoftBank plans to sell shares in its mobile business

Softbank has planned to make a sale of some of the company's shares in its​ mobile business which will amount to a total of over $18bn, with the sale becoming one of the biggest listings on the stock market, particularly for Japan in recent years.

If the Japanese based company did plan to sell the selected amount of shares for their designated price the company would be using the money in order to invest overseas particularly in Europe in areas surrounding new technology. This investment could massively help the technology industry as Softbank Japan are currently one of the largest technology companies today.

This news comes after the company has recently purchased huge amounts in Uber which saw the co-founder Travis Kalanick become a billionaire after the deal was complete with the company taking 2 board seats and gathering over 20% of the transportation company.

The company has also acquired huge organizations in the past such as Vodaphone and also the US-based​ company sprint. The company Softbank currently has holdings of around $32bn.