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SoftBank Sells Entire Stake in Troubled Cloud Firm Sinch

The Sinch website.

The Sinch website.

Updated on

Japanese investor SoftBank Group Corp has sold its entire stake in Sinch AB following a share price collapse of more than 90% in the Swedish cloud-based platform provider. 

The Swedish company has fallen 93% from a peak in September last year following a string of disappointing earnings reports. The stock is also among the most shorted in Europe.