SoftBank to book $34 billion gain from Alibaba shares

TOKYO (Reuters) - SoftBank Group Corp on Wednesday said it will book a gain of 4.6 trillion yen ($34.08 billion) after settling prepaid forward contracts using shares in Alibaba Group Holding, reducing its stake to 14.6% from 23.7%.

($1 = 134.9700 yen)

(Reporting by Sam Nussey; Editing by Andrew Heavens)