SoftBank says selling $1.1 billion of AliBaba shares

Reuters News
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Posted: Jun 03, 2016 8:58 AM

TOKYO (Reuters) - Japanese telecoms and internet conglomerate SoftBank said on Friday it was selling $1.1 billion worth of shares in AliBaba, bringing the total value of its planned divestment to $10 billion.

(Reporting by Ritsuko Ando; Editing by Nick Macfie)