Softbank reduces Alibaba holding to 3.8%
Softbank has sold shares worth $7.2 billion in Alibaba reducing its shareholding to 3.8% says the FT. Last year Softbank sold $29 billion worth of Alibaba stock
By David Manners, Electronics Weekly (April 13, 2023)
At one time Softbank owned about 30% of Alibaba worth about $200 billion, making Softbank chairman Masayoshi Son, very briefly in 2000, the richest man in the world.
E-mail This Article | Printer-Friendly Page |
Related News
- Wafer Demand Increased 3.8% in 2012
- Electronic System Design Industry Reports Revenue of $3.8 Billion in Q3 2022, ESD Alliance Reports
- Electronic System Design Industry Hits Record Revenue of Nearly $3.8 Billion in Q2 2022, ESD Alliance Reports
- CEA-Leti & Dolphin Design Report FD-SOI Breakthrough that Boosts Operating Frequency by 450% and Reduces Power Consumption by 30%
- Despite 38% Sales Decline, DRAM Expected to Remain Largest IC Market
Breaking News
- Cryptomathic and PQShield form strategic alliance to offer PQC solutions for code signing and data protection in compliance with latest NIST and CNSA recommendations
- Alphawave Semi to Showcase Latest Advances in AI Connectivity IP at ECOC 2024
- RaaS, a collaborative initiative, adopted Menta's eFPGA technology for RaaS Edge Computing platform
- Cadence Tensilica HiFi 5 DSPs Used in NXP's Next-Gen Audio DSP Family
- SiFive Highlights Key Inflection Points Driving RISC-V Adoption for AI and Introduces Intelligence XM Series for AI Workload Acceleration
Most Popular
- SiFive Highlights Key Inflection Points Driving RISC-V Adoption for AI and Introduces Intelligence XM Series for AI Workload Acceleration
- Joachim Kunkel Joins Arteris Board of Directors
- Cadence Tensilica HiFi 5 DSPs Used in NXP's Next-Gen Audio DSP Family
- Intel and AWS Expand Strategic Collaboration, Helping Advance U.S.-Based Chip Manufacturing
- RaaS, a collaborative initiative, adopted Menta's eFPGA technology for RaaS Edge Computing platform