Softbank Group to report $2.7 billion gain after Alibaba shares sale

Softbank Group said on Thursday it will recognise a 359.6 billion yen ($2.72 billion) gain on the sale of investment securities in its parent-only financial results for the financial year ending Friday.

This follows the sales of Alibaba Group Holdings shares to Softbank's wholly owned subsidiary Shiodome Project 17 GK.