SoftBank planning to sell US$14 billion shares in Alibaba

Stake sale could range from as little as US$12 billion to as much as US$15 billion


Wallace Ho

24 Mar, 2020

SoftBank planning to sell US$14 billion shares in Alibaba | BEAMSTART News

- From our Sponsors -

SoftBank Group plans to sell US$14 billion in shares of Alibaba Group Holding as part of an effort to raise US$41 billion to shore up its businesses battered by the worsening global economy.

The Alibaba stake sale could range from as little as US$12 billion to as much as US$15 billion.

Masayoshi Son, the founder of SoftBank, announced the sale plans Monday in Tokyo, though he did not specify which assets would be sold. 

SoftBank’s shares surged as much as 21% on Tuesday, the biggest intraday gain since listing.

- From our Sponsors -

Latest Jobs

Senior Marketing

Gallons & Grapes Pte Ltd

Buona Vista, Singapore

Full Time

SGD 4000 — SGD 4500 monthly

English-Korean Freelance Transcriber in Singapore

Elite Asia

Singapore

Contract / Freelance

Salary Undisclosed

Account Manager (Hybrid)

Pinkerton

New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly

GROCERY SHOPPER UP TO $11/H !THEY ORDER, YOU SHOP!

RecruitFirst

SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant

LABEL-LINE CORPORATION PTE LTD

Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers

TWGT

Manila, Philippines

Full Time

USD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).