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- A SoftBank representative said on Friday that most of the company's remaining 13 per stake in Alibaba is used for asset-backed finance. In its statement on Thursday, SoftBank said it has no plans to "buy or sell any new Alibaba shares" in the future.
finance.yahoo.com/news/japans-softbank-concludes-run-alibabas-093000078.html
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Apr 13, 2023 · The crackdown has cut Alibaba’s share price by 70 per cent, leaving SoftBank selling most of its holding at prices on a par with where Alibaba opened for trading in New York eight years ago.
- SoftBank sold Alibaba shares to reassure investors, finance ...
In 2020, SoftBank’s $41bn asset sale funded the largest...
- SoftBank set to post $34bn gain after handing over Alibaba shares
SoftBank had made a series of complex derivative deals that...
- SoftBank sold Alibaba shares to reassure investors, finance ...
Aug 21, 2022 · In 2020, SoftBank’s $41bn asset sale funded the largest share buyback in Japanese history and paid down its enormous debt load, helping to improve investor confidence. The latest move to sell...
Aug 10, 2022 · SoftBank had made a series of complex derivative deals that allowed it to raise cash while retaining the option to buy back the Alibaba shares later. But the company said on Wednesday that right...
Aug 11, 2022 · 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 this year.
Apr 13, 2023 · The financial derivative gives SoftBank cash upfront with the option of buying back the shares of Alibaba later, but in previous deals the Japanese firm had opted to give up the stock....
Aug 11, 2022 · NEW YORK, Aug 10 (Reuters) - SoftBank Group Corp (9984.T) is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding (9988.HK) from 23.7% to 14.6%. read more. But the...
Sep 15, 2022 · SoftBank Group Corp. As announced on August 10, 2022, the gain on sale of shares is attributable to the transfer of an aggregate of approx. 1,936 million shares of common stock of Alibaba Group Holding Limited (“Alibaba”), equivalent to approx. 242 million ADRs, at fair value to several of its wholly owned subsidiaries conducting fund ...