SoftBank to gain $34 billion from cutting Alibaba stake
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SoftBank to Gain $34.1 billion From Alibaba (BABA) Stake Sale
August 10, 2022 3:24 PM EDTSoftBank Group will make a $34.1 billion gain from reducing its stake in Alibaba (NYSE: BABA), the company said Wednesday.
The move to cut its stake in the company comes as SoftBank looks to shore up its finances as economic instability continues. SoftBank... More
