A stock and a hard place: SoftBank’s $150 billion Alibaba warchest in spotlight

February 12, 2020 admin Business News Comments Off on A stock and a hard place: SoftBank’s $150 billion Alibaba warchest in spotlight

SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm’s $150 billion stake in e-commerce giant Alibaba , after prominent activist investor Elliott Management called for big buybacks.

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Source:: Reuters – Business News