In AI pivot, SoftBank quietly sells off Vision Fund assets


SoftBank Group’s flagship Vision Fund has quietly bought off or written down billions of {dollars}’ price of its publicly-listed holdings in recent times, an indication of founder Masayoshi Son‘s shift away from the enterprise capital offers that had been as soon as an obsession and towards strategic investments in semiconductors and AI.
Since the tip of 2021, the world’s largest startup fund has seen its US-listed portfolio shrink by virtually $29 billion, because it bought down stakes in corporations resembling DoorDash and Grab and share costs fell, regulatory filings present.That determine does not embody the sale of the Vision Fund’s stake in chip designer Arm Holdings again to SoftBank final 12 months. The one-time tech kingmaker is now a shadow of its former self, having laid off greater than 100 workers and slowed new investments to a fraction of its previous tempo.
Son is promoting off assets from the fund’s portfolio as he prepares for potential forays into AI and associated {hardware}, mentioned folks conversant in the billionaire’s pondering. SoftBank’s fairness capital market group has performed a central function in monetising the Vision Fund’s sizeable stakes with minimal market disruption, mentioned the folks.
Many of the investments led by the SoftBank chairman now bypass the Vision Fund and are orchestrated by the holding firm.
Son has moved on to new obsessions, impressed partly by the success of Arm. The chip designer’s market worth has soared to round $106 billion since its market debut final 12 months, making SoftBank’s 90% holding price greater than all of SoftBank. A SoftBank consultant declined to remark.

Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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