SoftBank to sell 8B in Alibaba stock

IBM Watson is going to Japan via IBM's new alliance with Japanese telecommunication giant SoftBank, on Tuesday, February 10, 2015. SAN FRANCISCO -- Japanese telecommunications giant SoftBank is selling 8 billion in Alibaba stock in order to pay down debt, the company said in a statement Tuesday. SoftBank, which was among the earliest investors in Chinese e-commerce juggernaut Alibaba (BABA), will sell 2 billion in stock back to Alibaba. It will offer another 5 billion in securities that in three years will convert into Alibaba shares. Another 500,000 in stock will be sold to an unnamed wealth fund and 400,000 to the Alibaba Partnership, which controls nomination of the company's directors.