This transaction would reduce SoftBank’s ratio of net debt to EBITDA to 3.3 times, from 3.8 at the end of March. SBG had first invested in Alibaba in 2000 and owned 32.2% stake in the company. The stake will be brought down to 28% now, although SBG claims to still remain Alibaba’s largest stockholder.

SoftBank to sell at least $7.9 Bn of its stake in Alibaba to reduce its debt

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