SoftBank Seeks $2.8 Billion in Financing From Japan Banks
- Mizuho, Sumitomo Mitsui and MUFJ to provide loans, people said
- SoftBank plans a $3 billion tender offer for WeWork shares
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SoftBank Group Corp. is in talks to receive as much as 300 billion yen ($2.76 billion) in financing from Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc., according to people familiar with the matter.
The loans are part of the company’s regular financing, one of the people said, asking not to be identified because the details are private. The Nikkei reported the news earlier, saying SoftBank is raising money to pay for its $3 billion tender offer to WeWork shareholders.