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Briefing

SoftBank builds US$1.2-billion Amazon stake

According to regulatory filings, the Japanese conglomerate is veering its investments beyond its Vision Fund. In addition to Amazon, it has also built stakes in Netflix, Tesla, Microsoft and Alphabet. (Reuters)

Briefing

SoftBank builds US$1.2-billion Amazon stake

By Fatima Syed
Aug 17, 2020
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According to regulatory filings, the Japanese conglomerate is veering its investments beyond its Vision Fund. In addition to Amazon, it has also built stakes in Netflix, Tesla, Microsoft and Alphabet. (Reuters)

Talking point: Last week, SoftBank announced the creation of a US$555-million investment unit to buy stakes in public companies in an effort to diversify its portfolio. SoftBank said it had invested in 30 public stocks, including Apple, Amazon and Facebook. The company contributed two-thirds of the fund, while the remainder came from CEO Masayoshi Son’s own money.

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