SoftBank said to borrow $8b from banks using Alibaba shares

Didi Chuxing
Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Photographer: Akio Kon/Bloomberg

SoftBank Group Corp., the Japanese technology giant, used its stake in online retailer Alibaba Group Holding Ltd. as collateral for an $8 billion loan from a group of banks in what is one of the biggest deals of its kind, according to people familiar with the matter.

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