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- NEW YORK (Reuters) -SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% to 14.6%. But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex security called "prepaid forward contracts," which is a derivative largely used by investors.
finance.yahoo.com/news/explainer-softbank-cut-stake-alibaba-003117693.htmlHow will SoftBank cut its stake in Alibaba without selling ...
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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...
Aug 21, 2022 · Only two days after reporting its worst quarterly performance, SoftBank revealed that it would post a gain of ¥4.6tn ($33.6bn) by selling shares in Alibaba, significantly reducing the...
Aug 11, 2022 · Explainer - How will SoftBank cut its stake in Alibaba without selling shares? SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7%...
Aug 11, 2022 · NEW YORK (Reuters) - SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% to 14.6%. But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex security called "prepaid forward contracts," which is a derivative largely used by investors.
Aug 4, 2022 · SoftBank is planning to dramatically reduce its stake in China’s ecommerce giant Alibaba. This would be a big move. The Japanese tech group was one of Alibaba’s earliest investors. The FT’s ...
Apr 13, 2023 · So far this year, SoftBank has sold about $7.2 billion worth of Alibaba shares through prepaid forward contracts, according to the FT’s analysis of regulatory filings sent by post to the U.S....