Softbank held 49%. "SoftBank subsidiary sold a 51% stake of the company to a consortium of Chinese investors for paltry $775M."
Does anyone think they were not nudged to sell to local state-designated champ and had one serious candidate (with the CCP pulling the strings behind the scene)?
Any time you're in a hurry to buy or sell, and the counterparties know that, you're gonna get taken to the cleaners.