Tuesday, 18 August 2020

SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla

By Sam Nussey
TOKYO (Reuters) - SoftBank Group Corp <9984.T> has built a stake worth around $1.2 billion in e-commerce firm Amazon <AMZN.O>, regulatory filings showed on Monday, as the tech conglomerate expands its investing activities beyond its recent focus on unlisted startups.
Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks. SoftBank has spent around $10 billion buying shares.
In addition to Amazon, the group has built stakes in Netflix Inc <NFLX.O>, Tesla Inc <TSLA.O>, Microsoft Corp <MSFT.O> and Alphabet Inc <GOOGL.O>, filings showed.
Graphic - SoftBank's newly disclosed listed holdings https://ift.tt/3kSfPHM.
SoftBank also disclosed a stake in ...


Read More on Datafloq

No comments:

Post a Comment