Japanese Softbank will sell more shares worth $ 1.1 billion (equivalent to 9.1 billion) in the Chinese e-commerce giant Alibaba. Earlier this week made clear Softbank another giant sales in Aliababa and total equities of $ 10 billion (close to 83 billion) sold to pay off the Softbank liabilities.
The Japanese mobile operator made its first investment in Alibaba years 2000.
in addition, Softbank agreed with online gaming company gung ho Online Entertainment to sell its remaining shares in the gung ho back to the company equivalent to nearly SEK 5.7 billion.
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