Vision Fund
SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
The cuts mark the third round of layoffs at the Japanese investment conglomerate’s flagship fund since 2022
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
SOFTBANK Group’s flagship Vision Fund has quietly sold off or written down billions of US dollars’ worth of its publicly-listed holdings in recent years, a sign of founder Masayoshi Son’s shift away f...
Rewards startup Fetch taps private credit boom, raising US$50 million from Morgan Stanley
Fetch, an app that lets consumers scan receipts to earn rewards, has raised US$50 million in debt from funds managed by Morgan Stanley Private Credit, the companies told Reuters.
SoftBank in talks to buy Vision Fund’s 25% stake in Arm: sources
SOFTBANK Group is in talks to acquire the 25 per cent stake in Arm it does not directly own from Vision Fund 1 (VF1), a US$100 billion investment fund it raised in 2017, according to people familiar w...
SoftBank’s Vision Fund to start job cuts as soon as this week
SOFTBANK Group’s Vision Fund is preparing to start another round of layoffs as soon as this week, following an approximate 30 per cent reduction last fiscal year, according to people familiar with the...
SoftBank Vision Fund loses more money despite tech stock rebound
SoftBank Group lost money in its Vision Fund investment unit again despite a rebound in tech stocks, as the Japanese conglomerate suffered losses on private startups in its portfolio.
SoftBank invests in Japanese startup that helps detect cancer
SOFTBANK Group added a Japanese startup specialising in endoscopy to its list of portfolio companies, making the third Vision Fund investment in its home country.
SoftBank forms committee to oversee Vision Fund 2, Latam funds
SOFTBANK Group appointed an executive committee to oversee its second Vision Fund, Latin America (Latam) funds and future vehicles, its chairman Masayoshi Son said in a staff memo seen by Bloomberg Ne...
SoftBank posts 2.33t yen Vision Fund loss on tech slump
SOFTBANK Group on Monday (Aug 8) posted a 2.33 trillion yen (S$23.8 billion) loss at its Vision Fund unit in the April-June quarter as the value of its tech portfolio slid.
SoftBank’s Son faces shareholders shaken by US$34b loss
SoftBank Group Corp founder Masayoshi Son is used to praise and encouragement from shareholders. But the company’s loss of US$34 billion in market value over the last year is a test for even his most ...
