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Softbank to sell GungHo stake for Y73bn, upsizes Alibaba offering to US$10bn

Connectivity BusinessbyConnectivity Business
June 6, 2016
in Investments, Space Services
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Japanese telecoms giant Softbank plans to sell the majority of its 25.77% stake in local mobile gaming company GungHo Online Entertainment back to the company for Y73bn (US$681m). It is also selling a further US$1.1bn worth of Alibaba shares, taking the total amount raised from selling stock in the Chinese e-commerce company to US$10bn. Japanese telecoms giant Softbank (TYO:9984) has said it plans […]

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Tags: AlibabaAsia PacificGungHo Online EntertainmentPremiumSoftBankSprint CorporationTF246
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