SoftBank Group says to book $2.56 billion second-quarter gain on Alibaba stake
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TOKYO (Reuters) - SoftBank Group Corp said on Friday it would book a 277 billion yen ($2.56 billion/£1.98 billion) gain in the second quarter after portfolio company Alibaba Group Holding recorded a $9.7 billion gain related to its stake in Ant Financial.SoftBank, which will report earnings for the July-September quarter on Nov. 6, has a 26% stake in Alibaba and will report the gain under income on equity method investments.