SOFTBANK announces the sale of its shares held in Advanced Media, Inc.
SOFTBANK CORP. announces that SOFTBANK Broadmedia Corporation (our wholly-owned subsidiary, head office: Minato-ku, Tokyo, representative: Taro Hashimoto) sold its all shares held in Advanced Media, Inc.
1. Outline of sale
| (1) Shares for sale | 4,100 shares held in Advanced Media, Inc. |
|---|---|
| (2) Sale price | Approximately 3.2 billion yen |
2. Effect on consolidated financial results
Gain on sale of investment securities would be recognized approximately 3.1 billion yen on a consolidated basis in the 2nd quarter for the fiscal year ending March 31, 2006.
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