SoftBank to book $2.56b second-quarter gain on Alibaba stake

SoftBank to book $2.56b second-quarter gain on Alibaba stake

REUTERS/Issei Kato

SoftBank Group Corp said on Friday it would book a 277 billion yen ($2.56 billion) gain in the second quarter after portfolio company Alibaba Group Holding recorded a $9.7 billion gain related to its stake in Ant Financial.

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