Wednesday, June 15, 2016

SoftBank sees up to $2.4 billion profit on Alibaba share sale this business year

TOKYO (Reuters) - SoftBank Group Corp said on Wednesday it expects to book a profit of between 200 billion yen and 250 billion yen ($1.9 billion-$2.4 billion) this financial year on the sale of its shares in Alibaba Group Holding Ltd.

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