Japanese mobile carrier SoftBank said on Wednesday that it will sell at least $7.9 billion of its stake in Chinese e-commerce giant Alibaba.
Softbank, which now holds 32.2 percent of the Chinese company, has "approved of a series of capital raising transactions which involve monetising a portion of the shares of Alibaba," the firm said in a statement.
GMT 17:25 2017 Saturday ,29 AprilTurkey dismisses almost 4,000 public officials in new purge wave
GMT 17:24 2017 Saturday ,29 AprilMerkel says 'no one is allied' against Britain
GMT 16:00 2017 Saturday ,29 AprilEU needs 'serious British response' on citizens rights after Brexit
GMT 15:54 2017 Saturday ,29 AprilMerkel: 'no one is allied' against Britain
GMT 11:46 2017 Saturday ,29 AprilEU leaders 'unanimously' adopt Brexit guidelines
GMT 10:25 2017 Saturday ,29 AprilFrance's Hollande says Britain must pay price for Brexit
GMT 10:09 2017 Saturday ,29 April24 dead in Kyrgyz landslide: emergencies ministry
GMT 10:07 2017 Saturday ,29 AprilFrench candidate Le Pen announces eurosceptic PM pick, if elected