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

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By 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.Graphic - SoftBank's newly disclosed listed holdings .The group is pivoting towards investing outside the $100 billion Vision Fund with its focus on unlisted, late stage startups. The fund has buffeted the group’s earnings as the value of its holdings have fallen below acquisition price.The value of many of the listed shares is rising, driven by a tech stock rally, with Tesla’s shares up more than 60% since the end of June. Son has dropped operating profit as a measure of his group’s performance, saying the value of the assets is a better yardstick.Reporting by Sam Nussey; Editing by Nick ZieminskiOur Standards:

By 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.Graphic - SoftBank's newly disclosed listed holdings .The group is pivoting towards investing outside the $100 billion Vision Fund with its focus on unlisted, late stage startups. The fund has buffeted the group’s earnings as the value of its holdings have fallen below acquisition price.The value of many of the listed shares is rising, driven by a tech stock rally,...

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

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