Short Take: Softbank sells Yahoo shares

Softbank Holdings reported in a filing with the Securities and Exchange Commission that it sold off 350,000 shares, or between $24.2 million and $24.8 million worth of Yahoo stock, on December 31. Softbank holds a 32.3 percent stake in Yahoo and holds about 13.9 million shares in the Internet company.

Feb. 6, 1998 3:10 p.m. PT

reported in a filing with the Securities and Exchange Commission that it sold off 350,000 shares, or between $24.2 million and $24.8 million worth of Yahoo stock, on December 31. Softbank holds a 32.3 percent stake in Yahoo and holds about 13.9 million shares in the Internet company.