SoftBank began looking to sell BrightStar in 2018, around the time Reuters reported that Brightstar was expected to generate roughly $150 million in annual EBITDA. Qualcomm Sees 5G Smartphone Sales Taking Off . September 18, 2020. in Featured. SoftBank Group Corp said on Friday it would sell US cellphone distributor Brightstar for an undisclosed price, as the Japanese conglomerate divests major assets to raise cash. 17. Softbank proceeds with its string of disposals after putting another firm in its grand sell-off to build its cash pile. November 4, 2020. SoftBank Agrees to Sell Brightstar Unit in Latest Move to Trim Portfolio. Related posts. SoftBank has announced plans to sell Brightstar for an undisclosed sum, as the company continues to divest of its telecoms properties. 0. SoftBank sell-off continues as it flogs Brightstar. [TOKYO] SoftBank Group Corp said on Friday it would sell US cellphone distributor Brightstar for an undisclosed price, as the Japanese conglomerate divests major assets to raise cash. The company said in a statement it would sell Brightstar Global Group to a newly formed subsidiary of Brightstar Capital Brightstar Capital Partners (BCP), a private equity firm announced that it has signed an agreement to acquire a majority stake in Brightstar from Softbank Group. By Emon Reiser – Digital Editor, South Florida Business Journal . Share on Facebook Share on Twitter. September 18, 2020. in Tech. SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar for an undisclosed price, as the Japanese conglomerate divests major assets to raise cash. SoftBank will sell the money-losing firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash plus a 25% stake in the subsidiary, it said in a statement. Softbank will retain 25% ownership in the new unit. by 365NEWS. Brightstar Capital, founded by a former chief operating officer (COO) at the handset distributor, has $2.1 billion in assets under management and is not affiliated with Brightstar, SoftBank said. Shares (Image credit: Shutterstock.com) Softbank Group is selling mobile distributor and lifecycle management firm Brightstar as part of the former’s recent sale of assets. 0. Written by Scott Bicheno; 18 September 2020 @ 13:12; Even flogging Arm and much of its eponymous Japanese operator isn’t enough to cover SoftBank’s speculative positions, it seems. SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar Global Group for an undisclosed price, marking the latest asset sale by the Japanese conglomerate to fund a record stock buyback and raise cash. Sep 18, 2020, 7:48am EDT. Following the completion of the transaction, SoftBank will retain a minority stake in the Company. Japan’s SoftBank aims to sell cellphone distributor Brightstar. The firm is long considered as a money-losing investment. Softbank will retain a 25% stake in Brightstar. SoftBank will sell the money-losing firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash plus a 25% stake in the subsidiary, it said in a statement. VIEWS. SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar for an undisclosed price, as the Japanese conglomerate divests major assets to raise cash. SHARES. Japan’s SoftBank Group Corp. continued a outstanding string of asset gross sales on Friday, saying it’s promoting U.S.-based wireless-services unit Brightstar Corp. to a private-equity agency based by a former Brightstar govt. by Bioreports. SoftBank Sells Brightstar, Carrying On Its Divestiture Spree. Brightstar Capital, founded by a former chief operating officer (COO) at the handset distributor, has $2.1 billion in assets under management and is not affiliated with Brightstar, SoftBank said. SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar for an undisclosed price, as the Japanese conglomerate divests major assets to raise cash. Brightstar to Leave Softbank’s Investment Portfolio. SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar for an undisclosed price, marking the latest sale of telecoms assets as the Japanese conglomerate builds a cash pile. Neither SoftBank nor purchaser Brightstar Capital Companions disclosed the sale value for the unit, which SoftBank purchased in 2014 for roughly $1.7 billion. By Steve McCaskill 18 September 2020. Softbank's telecoms retreat continues. The disposal of Brightstar would cement SoftBank’s transition into a global investor and asset manager following an agreement earlier this week to sell UK chip designer Arm for up to $40bn, and the recent sale of its stakes in T-Mobile US and its domestic telecoms business. Softbank Group sells mobile distribution firm Brightstar. But this deal isn’t even SoftBank’s biggest sale this month. SoftBank to sell majority stake in Brightstar FierceWireless | 09-18 The private equity firm of Brightstar Capital Partners (BCP) announced it has signed a definitive agreement to acquire a majority stake in Brightstar, the Miami-based cell phone distributor founded … Softbank is selling Brightstar, the Miami-based cell phone distributor that it purchased in 2014, to the private equity firm of Brightstar Capital Partners (BCP), which will acquire a majority stake of the company at 75%, while Softbank … Japan’s SoftBank Group Corp. continued a remarkable string of asset sales on Friday, saying it is selling U.S.-based wireless-services unit Brightstar Corp. to a private-equity firm founded by a former Brightstar executive. SoftBank sells Brightstar Corp. to New York private equity firm Brightstar Capital. So the latest SoftBank Group (SBG) holding to be added to the great corporate fire sale is value-added reseller for the telecoms sector, Brightstar. SoftBank Sells Brightstar, Carrying On Its Divestiture Spree. SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar Global Group for an undisclosed price, marking the latest asset sale by the Japanese conglomerate to fund a record stock buyback and raise cash. Brightstar Capital is not an affiliate of Brightstar Global, the statement said. November 5, 2020. SoftBank said Brightstar would be sold to a newly formed subsidiary of private equity company Brightstar Capital Partners for cash. Supermarkets Get New Looks as E-Commerce Grabs Hold. SoftBank to sell majority stake in Brightstar September 19, 2020 The private equity firm of Brightstar Capital Partners (BCP) announced it has signed a definitive agreement to acquire a majority stake in Brightstar, the Miami-based cell phone distributor founded … 0. 04/07/2018 6:30:00 AM (GMT) Japan’s SoftBank Group Corp is exploring a sale of Brightstar Corp, a U.S. cellphone distributor that could be valued at more than $1 billion as the Japanese technology conglomerate seeks to shed lower growth assets. SoftBank said in a statement it would sell the firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash as well as a 25 per cent stake in the subsidiary. SoftBank will sell the money-losing firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash plus a 25% stake in the subsidiary, it said in a statement. 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