(Bloomberg) -- SoftBank Group Corp. said it’s selling all or part of its 9% stake in SoFi Technologies Inc.
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SoFi shares, which have declined 50% this year, dropped 3.5% in extended trading on the news. The stock was little changed at $7.98 in New York trading on Monday.
SoftBank earlier reported a record 3.16 trillion yen ($23.4 billion) net loss as a selloff in global tech stocks continued to hammer its Vision Fund’s portfolio of investments.
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