Woah! SoftBank’s stake in Alibaba now at just 3.8% from 34% at its peak Softbank has sold about $7.2 billion worth of Alibaba shares this year through prepaid forward contracts, after a record $29 billion selldown last year, according to Financial Times Tweet added by Madhav Chanchani @madhavchanchani

Madhav Chanchani

1 year

Woah! SoftBank’s stake in Alibaba now at just 3.8% from 34% at its peak Softbank has sold about $7.2 billion worth of Alibaba shares this year through prepaid forward contracts, after a record $29 billion selldown last year, according to Financial Times

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Madhav Chanchani

@madhavchanchani

1 year

Over the past 14 months, SoftBank reaped, on average, $92 a share from the forward sales of 389mn Alibaba shares, far below the company’s all-time high of $317 a share

SoftBank moves to sell down most of its Alibaba stake

Japanese investor makes $7.2bn from forward sales of shares in Chinese ecommerce group as lucrative partnership wanes