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

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

Deepening crisis at its portfolio companies from the global downturn.

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
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
finance softbank strategy

Most Read Articles

Telstra to have Australian agents answer all inbound calls from 2022

Telstra to have Australian agents answer all inbound calls from 2022
Critical F5 BIG-IP vulnerability made public

Critical F5 BIG-IP vulnerability made public
CBA hit by nine-hour online banking, payments outage

CBA hit by nine-hour online banking, payments outage
Govt ponders new sovereignty rules for datasets

Govt ponders new sovereignty rules for datasets
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Get IT, finance and business on the same page
Get IT, finance and business on the same page
Why is DevSecOps important to your business?
Why is DevSecOps important to your business?
Architecting Hybrid IT & Edge for Digital Advantage
Architecting Hybrid IT & Edge for Digital Advantage
Organizations Increasing Their Adoption of NFV
Organizations Increasing Their Adoption of NFV
Modernise IT by Reducing Your Reliance on AD
Modernise IT by Reducing Your Reliance on AD

Events

Log In

Username / Email:
Password:
  |  Forgot your password?