Hundred dollar bill. Falling money isolated background. American cash.

BLOOMBERG reports:

SoftBank Group Corp. quietly sold an additional $2.2 billion of its stake in Alibaba Group Holding Ltd. as part of the Japanese conglomerate’s fund-raising effort to pay down debt and buy back its own shares.

The deal, which includes a collar contract and call spread, is expected to be settled between May 2024 and June 2024. The details were disclosed on page 276 of SoftBank’s year-end financial filing released on June 25, but have not been previously reported. A SoftBank Group ...

Subscription Required

In order to view the entire article please either register an account and subscribe or login with a valid subscription below

Please Register

Please either or click register below to continue Register

COMMENTS 0