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SoftBank To Divest Brightstar Global Unit To Brightstar Capital Partners

Sep 18, 2020 - Nasdaq
Mergers and Acquisitions

(RTTNews) - Japan's SoftBank Group Corp. (SFTBY.PK, SFTBF.PK) announced that on Thursday it has entered into a definitive agreement to sell all of its shares in unit Brightstar Global Group Inc. or BGG to Brightstar Capital Partners or BCP, a U.S.-based private equity firm. The sale price is not disclosed due to confidentiality. SoftBank will sell the stake in BGG, the sole parent company of Brightstar Corp., a provider of end-to-end device lifecycle solutions, to a newly formed subsidiary of B...