Softbank surged 3.7 percent and topped the turnover list after sources said Chinese e-commerce company Alibaba Group plans to take private its Hong Kong-listed unit Alibaba.com, in which the Japanese telecom firm has an indirect stake.
"The stock (Softbank) is receiving some uplift from the Chinese Internet rerating story," a trader at a foreign bank said.
Softbank's trading volume was more than double its average daily 90-day volume.
Mr. Son from Japan should swoop in with PE and try to buy the balance of Yahoo-- the 15% of Alibaba, Yahoo Japan and the core. He is one of the richest people in Japan. That would give him almost 50% of Alibaba. Wow Ballmer better act fast.