SoftBank’s quarterly profit dropped 99 percent to ¥2.59 billion (£18.2 million) following steep Vision Fund losses, according to multiple reports on Wednesday (Feb. 12). The Vision Fund lost 225.1 billion yen (S$2.84 billion) for the three months ending in December, according to The Business Times. The...
SoftBank Group Corp. is making investment plans for its second Vision Fund, Bloomberg reported. Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy, a pharmaceutical delivery startup; Creator, which is focused on robotic burger-making; and Memphis Meats, a maker...
SoftBank is ready to lend up to $20 billion to its employees so they can buy stakes in a fund aimed to spark investment in cutting-edge technology companies around the globe. Sources told The Wall Street Journal that the firm’s CEO, Masayoshi Son, may account...
February 24, 2020
SoftBank’s second Vision Fund has invested in two companies, artificial intelligence company Behavox and healthcare-facing company Karius, according to Reuters. The fund put $100 million into Behavox, which is based in New York, and $165 million into Karius, which is based in California. SoftBank has been dealing with losses from its first Vision Fund, which […]
February 12, 2020
SoftBank’s quarterly profit dropped 99 percent to ¥2.59 billion (£18.2 million) following steep Vision Fund losses, according to multiple reports on Wednesday (Feb. 12). The Vision Fund lost 225.1 billion yen...
October 27, 2019
SoftBank Group Corp. is making investment plans for its second Vision Fund, Bloomberg reported. Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy, a...
August 18, 2019
SoftBank is ready to lend up to $20 billion to its employees so they can buy stakes in a fund aimed to spark investment in cutting-edge technology companies around the...
