SoftBank Vision Fund posts first annual gain in 3 years, up $4.6 billion
Publishing timestamp: 2024-05-13 10:27:16
Summary
SoftBank's Vision Fund posted a gain of 724.3 billion Japanese yen in the fiscal year ending in March, marking the first time the tech investment arm has been in the black since 2021. The recovery in the Vision Fund helped SoftBank Group swing to a profit in the fiscal fourth quarter. Despite some hits on investments like DiDi and WeWork, the gains were largely due to the IPO of chip designer Arm. SoftBank is shifting into "offense" mode and focusing on AI investments.
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Source: https://www.cnbc.com/2024/05/13/softbank-earnings-q4-and-full-year-fy-2023.html