Reuters
SoftBank’s new asset control business has invested nearly $3.9 billion in some of the world’s most popular stocks, according to a Stock and Exchange Commission file released Monday.
The company opened up stocks for Amazon, Tesla, Alphabet and Netflix, among other market giants, in its first shopping series. SoftBank founder Masayoshi Son unveiled the new asset control unit and a call for profit on August 11 as a component of his strategy to diversify investments in generation corporations. The conglomerate in the past targeted personal corporations instead of buying publicly traded stocks.
Here are the 10 purchases made through the new softbank branch:
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The Japanese conglomerate has taken smaller stakes in corporations such as Square, Spotify, Okta and Zoom Video Communications, according to the document. In the past, it has stated that SoftBank held positions on Facebook and Apple, but none of the companies were represented in Monday’s case.
The new issues are due to a number of costly errors for the conglomerate. SoftBank was forced to delay the opening of its Vision moment fund after bitter stakes in WeWork, Wag and other start-ups criticized investor confidence in the company.
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