Search Results for:Sam Nussey
The company last year raised more than $93 billion for its Vision Fund, of which $45 billion came from Saudi Arabia.
It may also be considering an investment of around 20 percent in Don Quijote.
SoftBank Vision Fund’s largest investments to date are in companies including Uber and WeWork.
The telecoms and technology firm’s profit was also bolstered by the sale of the majority of chip designer ARM Holding’s Chinese operations to a local consortium.
SoftBank said the service will be launched in autumn through a joint venture with Yahoo Japan Corp.
The move comes amid concerns over Takeda’s finances due to its $62 billion deal to buy London-listed Shire Plc.
The overseas expansion is the latest by a Japanese media company. In 2015, Japanese media group Nikkei agreed to buy Britain’s Financial Times for $1.3 billion.
Son says he spent 97% of his time on managing the telecoms business and only 3% on investing.
The stock debut underscores strong investor appetite for a rare Japanese unicorn bent on U.S. expansion.
The company is expected to make the investment through a fund backed by Saudi Arabia’s government.