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Japan's SoftBank plans to sell US$7.9 bil in Alibaba stock to cut debt

3:18:00 PM ,


BENGALURU/TOKYO/SAN FRANCISCO (June 1): SoftBank Group Corp said it will sell at least US$7.9 billion of shares in Alibaba Group Holding Ltd — a move that will cut the Japanese firm's debt amid worries about losses at its U.S. telecoms unit...

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