Softbank (which isn't a bank but a telco) owns roundabout 28 % of Alibaba Group. That's potentially a big pile of cash. So maybe someone thinks it's time to cash in. (You just thought Yahoo!, didn't you?)
SEC probes ex Google bod
The US Securities and Exchange Commission has launched an enquiry into Nikesh Arora, a former Google executive, focusing on his actions as SoftBank president and COO. The Financial Times has reported (£) that the probe relates to a letter sent by shareholders to the SoftBank board. SoftBank has claimed that the allegations are …
Biting the hand that feeds IT
