TOKYO SoftBank Group Corp said on Friday it was selling a further $1.1 billion of its shares in AliBaba Group Holding Ltd, bringing the total it has sold in the Chinese e-commerce company to $10 billion.
SoftBank on Wednesday said it would sell at least $7.9 billion of shares in AliBaba, marking the first sale of shares in the Chinese company since SoftBank began investing in it in 2000. The two companies said they would maintain a strategic partnership.
00:02 AT&T Aims for an Empire in Merger Talks With Time Warner
21:31 Time Warner jumps after hours on report it could sell for $110 per share to AT&T
12:55 McDonald's shares pop as investors cheer third-quarter beat
11:10 Merged BAT-Reynolds could be loaded with up to $55 billion of debt, analysts say