Wednesday, 23 August 2017

Softbank aims to raise $7.9bn via Alibaba stake sale

By Nick Wood, Total Telecom
Wednesday 01 June 16

Japanese operator to reduce stake to 28% in order to improve liquidity, cut debt.

Softbank on Wednesday announced plans to raise a minimum of US$7.9 billion (€7.08 billion) by selling a 4% stake in Chinese e-commerce giant Alibaba. The Japanese operator said the move is in line with its strategy of improving liquidity and reducing debt…

Softbank on Wednesday announced plans to raise a minimum of US$7.9 billion (€7.08 billion) by selling a 4% stake in Chinese e-commerce giant Alibaba. The Japanese operator said the move is in line with its strategy of improving liquidity and reducing debt…

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