Battered SoftBank selling Alibaba shares to pocket $34 billion

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.

from Gadgets Now https://ift.tt/dRvCPI4
via IFTTT