Web2 days ago · SoftBank booked a gain of $34 billion last year by cutting its stake in Alibaba to 14.6% from 23.7%, as the firm sought to shore up its cash reserves amid steep losses incurred by its Vision Fund ... Web1 day ago · SoftBank Group is looking to shed a majority of its position in Alibaba, after having sold $7bn in the Chinese tech giant this year using prepaid contracts. Pummeled …
SoftBank raises $22bn in moves to sell down Alibaba stake
Web2 days ago · SoftBank has sold around $7.2 billion worth of Alibaba shares this year via prepaid forward contracts, the Financial Times reported on Wednesday. WebApr 13, 2024 · Shares in Alibaba, one of the most valuable assets in SoftBank's portfolio, tumbled as much as 5.1% in Hong Kong following the report before paring the loss to … ionic-rating
Why SoftBank Is Selling Alibaba Stock—and What It Means for …
Web2 days ago · It’s yet another sign of a changing of the guard in Chinese tech. SoftBank 9984 –0.97% (ticker: 9984.Japan) has sold about $7.2 billion worth of Alibaba (BABA) shares this year through prepaid ... Web1 day ago · The move reduces SoftBank's ownership of Alibaba to less than 4%, down from 14.6% as of end-September and is the latest sign of long-time China investors cutting their exposure there. ... Softbank once owned about a third of the company spanning from an early $20 million investment in one of venture capital's most famous bets. Web2 hours ago · The stock is up roughly 20% since we first published our buy-rating back in late November, outperforming the S&P 500, despite hurdles along the way. We see favorable entry points into the stock ... ontario weather network dundalk