SoftBank\'s Masayoshi Son is stepping down from Alibaba\'s board as he focuses on shoring up SoftBank\'s shaky finances

SoftBank's Masayoshi Son is stepping down from Alibaba's board as he focuses on shoring up SoftBank's shaky finances

Business Insider Thursday, 25 June 2020 ()
SoftBank's Masayoshi Son is stepping down from Alibaba's board as he focuses on shoring up SoftBank's shaky finances· SoftBank's Masayoshi Son is stepping down from the board of Alibaba, he announced in a shareholder call on Wednesday.
· Son was one of Alibaba's earliest backers, making a $20 million investment in the company two decades ago that was worth $60 billion by 2014. He said he will remain a "long-term investor."
· He's now...
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News video: SoftBank kicks off $21 bln T-Mobile stake sale

SoftBank kicks off $21 bln T-Mobile stake sale 01:06

 SoftBank is offloading about two thirds of its stake in T-Mobile US, raising $21 billion for a share buyback and debt reduction plan. Julian Satterthwaite reports.