SoftBank Will Sell at Least $7.9 Billion of Alibaba Stake

  • Japanese company is seeking to boost cash, pay down debt
  • Bulk of divestment going into a trust for institutional buyers

Why SoftBank Is Selling at Least $7.9B of Alibaba Stake

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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