SoftBank CEO says no plans to sell part of Alibaba stake in IPO

TOKYO Wed May 7, 2014 2:46pm EDT

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TOKYO (Reuters) - SoftBank Corp Chief Executive Masayoshi Son said on Wednesday that his company has no plans to sell part of its stake in Alibaba in the initial public offering of the Chinese online retailer.

Son was speaking at a briefing in Tokyo after the announcement of SoftBank's earnings for the last fiscal year.

(Reporting by Sophie Knight; Editing by Chang-Ran Kim)

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