SoftBank not buying Yahoo's assets: Nikesh Arora
Nikesh Arora, SoftBank's President and COO on Wednesday said that the company is not planning to use the funds raised from sale of Alibaba shares to buy assets put on sale by Yahoo. Arora added that the sale proceeds will be used to manage SoftBank's leverage and balance sheet. SoftBank recently announced selling its $7.9 billion worth stake in Alibaba.