(Reuters) – Japanese telecommunications and internet firm Softbank Group Corp on Tuesday said it will sell at least $7.9 billion of shares in Chinese ecommerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt.
There are times you feel you are the only sane one in an insane asylum. I think this way sometimes when I feel markets get irrational or do not add up. I have felt this way recently watching markets act like Brexit is dead and buried by pushing sterling higher as public polls showed Remain well in the lead. I
NEW YORK (Reuters) – Viacom Inc’s chief executive and independent directors would face an uphill courtroom battle to remain on the board if controlling shareholder Sumner Redstone followed through on a threat to remove them, legal experts said on Tuesday.
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