Fading Vision Fund to tip SoftBank into first loss in 15 years

By
Follow google news

Expects to book $19.5 billion loss.

Fading Vision Fund to tip SoftBank into first loss in 15 years
SoftBank expects its US$100 billion Vision Fund to book a loss of 1.8 trillion yen (A$26 billion) due to the worsening performance of its tech bets, which will tip the group as a whole into its first loss for 15 years. A third consecutive quarter of losses by the Saudi Arabian-backed fund will ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
financial servicessoftbankwework

SPONSORED RESOURCES

Closing the cyber security execution gap: How IT leaders are building cyber resilience
Closing the cyber security execution gap: How IT leaders are building cyber resilience
Tech Skills Report
Tech Skills Report
Rethinking Ransomware Recovery: Closing the Detection and Recovery Gap in Asia Pacific
Rethinking Ransomware Recovery: Closing the Detection and Recovery Gap in Asia Pacific
Strategies to Counter the Ransomware Threat in APJ
Strategies to Counter the Ransomware Threat in APJ
Craft your ideal hybrid multicloud strategy
Craft your ideal hybrid multicloud strategy

Events

Most Read Articles

Westpac reveals AI cut data warehouse migration cost from $70m to $35m

Westpac reveals AI cut data warehouse migration cost from $70m to $35m
Southern Cross Credit Union asks AI agent to handle account balance requests

Southern Cross Credit Union asks AI agent to handle account balance requests
IAG's SAP migration brings process and data into sharp focus

IAG's SAP migration brings process and data into sharp focus
Macquarie Bank looks to break free of IaaS

Macquarie Bank looks to break free of IaaS
techpartner.news logo
Melbourne MSP listed for sale after going into administration
Melbourne MSP listed for sale after going into administration
Fast50 Channel Accelerator Award finalists revealed
Fast50 Channel Accelerator Award finalists revealed
xAmplify appoints Tom Scicluna as CEO
xAmplify appoints Tom Scicluna as CEO
QLD data and AI consultancy Codex deploys Amazon Quick
QLD data and AI consultancy Codex deploys Amazon Quick
DX1 appoints Tim Hope as group CTO
DX1 appoints Tim Hope as group CTO

Log In

  |  Forgot your password?