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SoftBank bets $3.9 Billion on tech companies including Amazon, Tesla

The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe and $189 million of Netflix

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SoftBank founder Masayoshi Son is expanding the company’s investment activities from private startups to publicly traded equities at a time the biggest technology stocks are near record highs

Bloomberg
SoftBank Group has invested about $3.9 billion into 25 of the world’s largest technology firms including Amazon, Tesla, Netflix and Alphabet.
 
The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe and $189 million of Netflix, the Tokyo-based company said in a filing to the US Securities and Exchange Commission dated August 17.
 
Its stake in Tesla was worth $122.9 million as of June 30, it said. SoftBank founder Masayoshi Son is expanding the company’s investment activities from private startups to publicly traded equities at a time the

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First Published: Aug 19 2020 | 1:44 AM IST

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