TOKYO: SoftBank Group will raise 1.25 trillion yen (US$11.7 bil or RM50 bil) using Alibaba stock to fund buybacks of its own shares, chief executive Masayoshi Son said on Monday.
The SoftBank CEO made the comment at an earnings briefing after his company slid to a 1.4 trillion yen loss in the just-ended fiscal year, hit by massive losses at its Vision Fund. – May 18, 2020, Reuters
