SoftBank Will Sell at Least $7.9 Billion of Alibaba StakeBy and
Japanese company is seeking to boost cash, pay down debt
Bulk of divestment going into a trust for institutional buyers
SoftBank Group Corp., the largest investor in Alibaba Group Holding Ltd., said it will sell at least $7.9 billion of its stake in the Chinese e-commerce giant to bolster its cash position and pay down debt.
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