SoftBank to split into two subsidiaries
Q. Which Japanese company is reorganising into two 100% owned subsidiaries?- Published on 08 Mar 16
Japanese telecom and internet company SoftBank has said it will be splitting into 2 100% owned subsidiaries. Basically, the global business is being separated from domestic operations. Transfers are expected to be complete by December and the move is aimed at making these key business areas future growth drivers. Company’s stakes in US telecom Sprint and China’s Alibaba Group will go to the global subsidiary while domestic operations like Yahoo Japan will go to the other subsidiary.