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SoftBank

SoftBank taps Alibaba stake to raise $11.5bn after huge loss

CEO Masayoshi Son warns tech unicorns falling into coronavirus 'valley'

TOKYO -- SoftBank Group said Monday it would raise $11.5 billion using its holdings of Alibaba Group stock, part of plans to generate 4.5 trillion yen ($42 billion) in cash to shore up its balance sheet.

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