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With Alibaba stake cut, SoftBank’s Latest cools toward China tech

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba …

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Explainer: How will SoftBank cut its stake in Alibaba without selling shares?

NEW YORK, Aug 10 (Reuters) – SoftBank Group Corp (9984.T) is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding (9988.HK) from 23.7% to 14.6%. read more But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex security called “prepaid …

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SoftBank to gain $34 billion from cutting Alibaba stake

To cut stake in Chinese tech firm to 14.6% from 23.7% Says move will boost defenses against market downturn Booked $50 bln loss at Vision Fund unit in first half TOKYO, Aug 10 (Reuters) – SoftBank Group Corp (9984.T) said on Wednesday it would book a gain of $34.1 billion by cutting its stake in …

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Ripple Labs interested in bankrupt crypto lender Celsius’ assets

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register Aug 10 (Reuters) – San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the US securities regulator, is interested in …

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SoftBank’s Alibaba sale could end breakup taboo

Japan’s SoftBank Group Corp Chief Executive Masayoshi Last attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion technology and telecom empire will slash its …

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SoftBank plans Vision Fund job cuts after record net loss

SoftBank was in a bubble on valuations- Last No sacred areas for cost cuts SoftBank has exited stake in Uber Announced Y400 bln share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash …

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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com register Aug 6 (Reuters) – The slide in US stock prices …

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Spirit ends sale to Frontier as JetBlue talks continue

July 27 (Reuters) – Spirit Airlines Inc (SAVE.N) canceled its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) on Wednesday after Spirit balked at supporting it, leaving JetBlue Airways Corp (JBLU.O) with an opening to clinch a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a shareholder vote …

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Rogers to invest C$10 billion in AI, testing after massive outage

The Rogers Building, the green-topped corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 14, 2022. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com register July 24 (Reuters) – Rogers Communications Inc (RCIb.TO)said on Sunday it will invest C$10 billion ($7.74 billion) over the next three …

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Nokia sees chip shortage easing as profit beats forecasts, shares rise

Headquarters of Finnish telecommunication network company Nokia are seen in Espoo, Finland July 26, 2018. Lehtikuva/Mikko Stig via REUTERS Register now for FREE unlimited access to Reuters.com register Expects chip shortage to ease in second half of 2022 Q2 operating profit beats estimates Net sales 5.87 bln euros vs est 5.60 bln euros Says passing …

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