SoftBank's Vision Fund plans to borrow $4b against Uber equity stake

The Vision Fund's $100 million backing for Biofourmis, a U.S. startup that tracks health data using wearable devices, highlights its new focus on early-stage investments. (Photo courtesy of Biofourmis)

SoftBank Group Corp.’s Vision Fund plans to borrow about $4 billion against its equity stakes in Uber Technologies Inc. and other startups, according to a report in the Financial Times.

The fund is discussing the loan with banks including Goldman Sachs Group Inc. and would use as collateral its holdings in Guardant Health Inc. and Slack Technologies Inc., as well as the ride-hailing giant, the paper said.

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