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 Whitepapers

Cloud Covered Report: New Zealand
Cloud Covered Report: New Zealand
How healthcare organisations can get more value from cloud
How healthcare organisations can get more value from cloud
2026 Identity Security Landscape
2026 Identity Security Landscape
Are Australian organisations as cyber-ready as they think?
Are Australian organisations as cyber-ready as they think?
Are New Zealand organisations as cyber-ready as they think?
Are New Zealand organisations as cyber-ready as they think?

Events

Most Read Articles

CBA appoints new group CIO

CBA appoints new group CIO
NAB taps Databricks' Genie AI tools to derive more value from its data

NAB taps Databricks' Genie AI tools to derive more value from its data
Westpac is embedding AI across its core "flows"

Westpac is embedding AI across its core "flows"
Suncorp to have AI agents in insurance claims process as soon as this month

Suncorp to have AI agents in insurance claims process as soon as this month
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?