SoftBank plans $41 billion of asset sales to expand buyback and cut debt
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TOKYO (Reuters) - SoftBank Group Corp plans to raise as much as $41 billion (35.4 billion pounds) to buy back shares and reduce debt in an unprecedented move to restore investor confidence as a financial market rout pummels its shares and its portfolio companies.The Japanese tech conglomerate's plans come as it contends with a growing financial squeeze on the company and its $100 billion Vision Fund, which has recorded two consecutive quarters of losses after its tech bets fell short,..