SoftBank nets $22b through Alibaba derivatives sale, says report

SoftBank nets $22b through Alibaba derivatives sale, says report

REUTERS/Issei Kato

Japan’s SoftBank Group has raised as much as $22 billion in cash by selling a slice of its stake in Alibaba through prepaid forward contracts, according to a Financial Times report.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter