US investment manager cuts SoftBank stake by half vs June 2013 -filing
TOKYO, April 22
TOKYO, April 22 (Reuters) - U.S. investment manager Capital Research and Management cut its stake in Japanese mobile operator SoftBank Corp by about half to 6.67 percent compared with June last year, a regulatory filing showed on Tuesday.
SoftBank shares have fallen 15 percent so far this year after almost doubling in value last year, partly driven by expectations that its 37-percent held Chinese e-commerce operator Alibaba Group Holding Ltd would launch an initial public offering.
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