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SoftBank’s flagship investment arm the Vision Fund posted its fourth straight quarterly loss on Tuesday as a slump in technology valuations continues to hit the Japanese giant. The Vision Fund ...
The Vision Fund, which upended the world of technology with its big bets on startups, reported an investment loss of 730.36 billion yen ($5.52 billion) in the fiscal third quarter. At...
The Vision Fund's investment loss came to 730.36 billion yen ($5.52 billion) in the latest quarter, on top of the combined loss of 7.3 trillion yen during the first nine months of 2022. At...
SoftBank Vision Fund is managed by SoftBank Group Corporation and is backed by investors such as Mubadala Investment Company and Saudi Arabia’s Public Investment Fund. The massive Vision Fund segment generated a pre-tax loss of 660 billion Japanese yen (US$ 5.0 billion) for the quarter of December 2022.
The Vision Fund segment lost ¥660 billion ($5 billion) in the three months through December for its fourth straight quarter in the red, according to a release Tuesday. SoftBank Group as a...
SoftBank — known for its investment in U.S. companies like Uber, WeWork and DoorDash — has pulled back decisively on its investments. The Japanese conglomerate is now “focused on defense” when it comes to investing, and only deployed $300 million in capital for the quarter and only $600 million in the last two.
The Vision Fund, which upended the world of technology with its big bets on startups, reported an investment loss of 730.36 billion yen ($5.52 billion) in the latest quarter. At SoftBank...
SoftBank’s Vision Funds transformed the venture capital ecosystem, directing billions of dollars into hundreds of startups and forcing other investors to match their big bets. By flooding private markets with easy money, SoftBank and its rivals allowed companies to chase growth while avoiding the scrutiny of public listings.
According to the company’s financial results, SoftBank’s Vision Fund 1, Vision Fund 2, and Latin American funds have sustained a collective loss of $5.8 billion in the quarter that ended Dec. 31. This is down from a $10 billion loss the funds saw in the previous quarter. The new report marks another major swing in SoftBank’s quarterly earnings.
SoftBank Group reported a net loss of nearly $6 billion for the three months through December, largely because of the Japanese company’s Vision Fund investments, which tumbled for a fourth straight quarter. Vision Fund, whose vast portfolio includes many publicly listed tech companies as well as unlisted startups, continued to suffer from a ...