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SoftBank Raises $22 Billion From Sales of Alibaba Derivatives

By
Juro Osawa
· · Source: The Financial Times

SoftBank Group has raised as much as $22 billion in cash by selling a type of derivatives using its shareholdings in Chinese e-commerce giant Alibaba Group, the Financial Times reported. SoftBank has this year sold prepaid forward contracts on about one-third of its stake in Alibaba, the FT said. Those derivatives allow the Japanese tech investment firm to raise cash while retaining the...

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