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Battered SoftBank selling Alibaba shares to pocket US$34 bn

Masayoshi Son-led SoftBank Group on Wednesday revealed plans to sell nearly 242 million American depository receipts (ADRs) of Chinese behemoth Alibaba, that will help it gain 4.6 trillion yen ($34 billion) in pre-tax gain from the sale.

Battered SoftBank selling Alibaba shares to pocket $34 bn

Masayoshi Son-led SoftBank Group on Wednesday revealed plans to sell nearly 242 million American depository receipts (ADRs) of Chinese behemoth Alibaba, that will help it gain 4.6 trillion yen ($34 billion) in pre-tax gain from the sale.The .

Battered SoftBank selling Alibaba shares to pocket $34 bn

Battered SoftBank selling Alibaba shares to pocket $34 bn
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