August 18, 2022

News of the Trade

Latest trading, investing, and financial news

SoftBank raised $22B in cash from deals that would sharply reduce its stake in Alibaba in the future; SoftBank holds a 23.9% stake in Alibaba as of mid-July (Financial Times)

Financial Times:
SoftBank raised $22B in cash from deals that would sharply reduce its stake in Alibaba in the future; SoftBank holds a 23.9% stake in Alibaba as of mid-July  —  SoftBank has raised as much as $22bn in cash from deals that would sharply reduce its stake in Alibaba over the coming years …