Tag Archives: Writedown

SoftBank’s Troubles Deepen With Warning of $16.7 Billion Writedown

SoftBank’s Troubles Deepen With Warning of $16.7 Billion Writedown

TOKYO — SoftBank warned investors on Monday that the value of its technology fund may have dropped by as much as $16.7 billion over the last fiscal year, as its investments have been hit hard by the fallout from the coronavirus and by big bets on unprofitable companies like WeWork. SoftBank, which had deployed a $100 billion Vision Fund to …

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