Softbank has "sold in advance" about 30% of Alibaba's positions this year, cashing in $22 billion
These transactions will significantly reduce its stake in Alibaba in the next few years, reduce its shareholding in Alibaba below the threshold of retaining a board seat, and prevent the group from including its share in Alibaba's revenue in its financial statements.
Softbank is increasingly using this derivative to raise cash immediately, while retaining the possibility of continuing to hold shares. If Softbank chooses not to repurchase Alibaba's shares, it will mark the end of an era.
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Btan : Once he sells, Baba will go up lol
Kuries OP Btan :
Sgtrader88 Kuries OP : All these reports miss the most important point... Who buy from Softbank?
Definitely not retail.. Hardbank.. If you know..