Latest News

Australian gov, media networks reached by Israeli firm’s spy ads

Shopify tells Australian store to stay shut after hijacked extensions divert shoppers

ASIC's security and data chiefs to leave in December

TPG runs 5G network slicing trial for eftpos payments

In Pictures: Governing the agents of chaos Saviynt Melbourne roundtable

SoftBank's Vision Fund tumbles to US$18bn loss in 'valley of coronavirus'

By Sam Nussey

May 19 2020 1:03PM

Deepening crisis at its portfolio companies from the global downturn.

SoftBank's Vision Fund tumbles to US$18bn loss in 'valley of coronavirus'

Japan's SoftBank Group Corp reported a stunning US$18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn. The disastrous 1.9 trillion yen (US$18 billion) operating ...

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

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

financial services softbank strategy

Partner Content

Partner Content Who owns your brand’s AI reputation?

From ambition to impact: The next era of government transformation.

Promoted Content From ambition to impact: The next era of government transformation.

The AI era demands a new kind of network

Promoted Content The AI era demands a new kind of network

From data overload to decisive action – accelerating decisions with AI agents

Partner Content From data overload to decisive action – accelerating decisions with AI agents

SPONSORED RESOURCES

Craft your ideal hybrid multicloud strategy

Craft your ideal hybrid multicloud strategy

Secure your AI future with generative AI defense

Secure your AI future with generative AI defense

See how F5 protects modern applications against evolving threats

See how F5 protects modern applications against evolving threats

8 Benefits of a Backup Service for IaaS, PaaS, and SaaS

8 Benefits of a Backup Service for IaaS, PaaS, and SaaS

5 Essentials for Effortless SaaS Data Resilience

5 Essentials for Effortless SaaS Data Resilience

Events

Most Read Articles

Meet Adapt, Westpac's Azure-based enterprise data platform

Meet Adapt, Westpac's Azure-based enterprise data platform

ANZ joins NAB and CBA on ConnectID

ANZ joins NAB and CBA on ConnectID

Colonial First State turns marketing automation into an always-on engagement engine

Colonial First State turns marketing automation into an always-on engagement engine

Bendigo and Adelaide Bank uses GenAI, MongoDB to refactor application

Bendigo and Adelaide Bank uses GenAI, MongoDB to refactor application

Ctrl:cyber to acquire cybersecurity consultancy Razilio

Ctrl:cyber to acquire cybersecurity consultancy Razilio

ASD launches ASD Essentials to replace Essential Eight

ASD launches ASD Essentials to replace Essential Eight

Cybersecurity failures see Fortnum Private Wealth penalised $1.35m

Cybersecurity failures see Fortnum Private Wealth penalised $1.35m

NetApp makes a trio of ANZ leadership appointments

NetApp makes a trio of ANZ leadership appointments

Baidam posts 61% revenue growth in CEO Beau Hodge's first year

Baidam posts 61% revenue growth in CEO Beau Hodge's first year

Most popular tech stories