The cash raised will help the Japanese company reduce debt and invest in new startups.
June 06, 2016 at 07:22 AM
1 minute read
The original version of this story was published on Global Lawyer News
Sullivan & Cromwell is advising Japan’s Softbank Group Corp. on a $10 billion sale of shares in Alibaba Group Holding Ltd.
The Japanese technology investor is raising cash to fund new investment opportunities, in order to offset the $112 billion debt on its balance sheet.
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