Explainer - How will SoftBank cut its stake in Alibaba without selling shares? - CNA

8/10/2022 12:00:00 AM2 years 8 months ago

NEW YORK : SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7 per cent to 14.6 per cent. But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex secu…

NEW YORK : SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7 per cent to 14.6 per cent. But the Japanese conglomerate will not sell… [+2169 chars]

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