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SoftBank CEO says no plans to sell part of Alibaba stake in IPO
May 7, 2014 / 6:25 AM / in 3 years

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

TOKYO, May 7 (Reuters) - SoftBank Corp Chief Executive Masayoshi Son said on Wednesday that his company has no plans to sell part of its stake in Alibaba IPO-ALIB.N 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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