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%.
Masayoshi Son famously built his war chest by pumping $20 million into Alibaba two decades ago. Over the years the Chinese e-commerce behemoth has become a way for the billionaire founder of SoftBank
SoftBank is shrinking its Alibaba holding down to 14.6% from 23.7%.
The Japanese tech investor has been reducing its ties to the Chinese e-commerce company and using holdings to raise cash.
TOKYO (Reuters) -SoftBank Group Corp on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares in Alibaba Group Holding,

SoftBank Is Selling Off SOFI Stock. Here's Why.

11:28am, Tuesday, 09'th Aug 2022
Source: Michael Vi / Shutterstock SoFi Technologies (NASDAQ: SOFI ) stock is in full focus today after SoftBank (OTCMKTS: SFTBY ) reportedly sold off 12.06 million shares, or 12.66% of its position. I
Yahoo Finance Live anchors Julie Hyman, Brian Sozzi and Brad Smith discuss how SoFi stock is performing after SoftBank said it will sell part of its shares.
In addition to its gloomy earnings report, Japan's SoftBank announced its plans to sell some or all of its stake in SoFi Technologies Inc (NASDAQ:SOFI).
SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly $50 billion in losses in just six months, but Chief Executive Masayoshi Son faces narrowing options an
BN's Min Jeong Lee on SoftBank for digital
SoftBank Group Corp. (OTCPK:SFTBY) Q1 2022 Earnings Conference Call August 8, 2022 3:30 AM ET Company Participants Masayoshi Son - Chairman and Chief Executive Officer Yoshimitsu Goto - Board of Direc

How to lose money, SoftBank edition

10:39am, Monday, 08'th Aug 2022
Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news.
Yahoo Finance Live anchors Brad Smith, Julie Hyman and Brian Sozzi discuss first-quarter earnings for Softbank Group.
SoftBank's record quarterly loss reflects the fall in technology shares around the world, sparked by interest rate increases and China's crackdown on tech firms.
SoftBank posted a record loss in its fiscal first quarter as pressure continued to mount on its Vision Fund investment unit. Rising interest rates have hammered technology stocks, which is primarily w
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