Citation :
Softbank is planning on selling almost their entire stake of Alibaba. They own 13% and will reduce to 3.8%. SoftBank declined to comment on the regulatory filings. But it said the Alibaba transactions reflected its shift to “a defensive mode” to address a more uncertain business environment. “We are bolstering our financial stability by increasing our liquidity on hand by raising cash,” it said. It added that the additional amount it raised from Alibaba shares would be revealed when it reports its fourth-quarter results in May.
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