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Alibaba, T-Mobile Shares To Be Sold as Softbank Losses Approach $15 Billion

Frater Asia China Japan

18.05.2020 - 14:15

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variety.com

variety.com:

By Patrick Frater Asia Bureau Chief Japanese tech investor, Softbank is poised to sell large chunks of its share stakes in T-Mobile U.S.

and Chinese e-commerce giant Alibaba. Softbank revealed annual losses of $14.8 billion, including its share of the $18 billion losses at its Saudi-backed Vision fund in the financial year to the end of March.

The Vision Fund saw losses reach a combined $10 billion from its stakes in office hire firm WeWork, and ride hailing giant Uber.

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