Softbank make sell its stake in Alibaba

Tokyo, 10th December: Bloomberg has published an article reporting that Masayoshi Son, founder of the Softbank Group, may sell its stake in Alibaba. Softbank was one of the early and large investors in Alibaba in early 2000.

“Son is likely to sell Alibaba stock to help pay for another buyback in an attempt to bolster SoftBank shares, according to Jefferies Group analyst Atul Goyal. It’s a surprise the Japanese technology giant’s shares are “languishing” despite its large stake in Alibaba, Goyal wrote in a note.”