SoftBank sells Alibaba shares worth $1.1 billion

JapanTimes of India — TOKYO: SoftBank Group said on Friday it was selling a further $1.1 billion of its shares inAlibaba Group Holding, bringing the total it has sold in the Chinese e-commerce company to $10 billion. Separately, SoftBank agreed to sell most of its remaining stake in mobile gaming company Gungho Online Entertainment back to the company for 73 billion yen ($685.38 million), Gungho said.

http://timesofindia.indiatimes.com/tech/tech-news/SoftBank-sells-Alibaba-shares-worth-1-1-billion/articleshow/52588546.cms

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