SoftBank will sell nearly 4% Yahoo shares to repay 1.135 billion loans

Source: Internet
Author: User
Keywords Loans stakes Yahoo SoftBank Yahoo
"Sadie Network News" August 27, according to foreign media reports, SoftBank said in Friday, it has decided to sell almost all of its 4% stake in Yahoo to repay the United States Citibank about 1.135 billion U.S. dollars of loans. When SoftBank received the loan from Citigroup in February 2004, the software said it would repay the loan with a stake in Yahoo.  The loan repayment is expected to be carried out by the end of September.  After the sale of the shares, SoftBank's share of Yahoo shares will fall from the current 4% to 0.002%. The software says it will receive a special gain of about 76.4 billion yen from selling Yahoo shares in the fiscal year ending March 2012. The one-off profit could raise the net profit of SoftBank for the 2012 fiscal year by about 44.7 billion yen.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.