Friday, Oct 23, 2026
Focus on the big picture

SoftBank to gain $34 billion by cutting Alibaba stake

Reuters, 11 Aug 2022
SoftBank said it would book a gain of $34.1 billion by cutting its stake in Alibaba, as the investment behemoth looks to shore up its cash reserve to weather the market downturn.

#News #Reuters #Softbank #Japan #Alibaba

Subscribe: http://smarturl.it/reuterssubscribe

Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.

Get the latest news on: http://reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
Related Articles