SoftBank to raise over $11 billion for buybacks using Alibaba shares

May 18, 2020 admin Business News Comments Off on SoftBank to raise over $11 billion for buybacks using Alibaba shares

Softbank Group will raise 1.25 trillion yen ($11.7 billion) using Alibaba stock to fund buybacks of its own shares, Chief Executive Masayoshi Son said on Monday.

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Source:: Reuters – Business News