SoftBank is selling its crown jewels to ride out 'severe market' - CNN
8/11/2022 12:00:00 AM2 years 8 months ago
by Laura He, CNN Business
by Laura He, CNN Business
SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba, the crown jewel of its investment portfolio, after posting record losses on its tech bets this year.
Hong Kong (CNN Business)SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba(BABA), the crown jewel of its investment portfolio, after posting record losses on its tech bets … [+2560 chars]
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