SoftBank Bets $3.9 Billion on U.S. Giants From Amazon to Tesla
- It disclosed investments in 25 technology companies Monday
- The portfolio stems from SoftBank’s new asset management arm
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SoftBank Group Corp. has invested about $3.9 billion into 25 of the world’s largest technology companies including Amazon.com Inc., Tesla Inc., Netflix Inc. and Alphabet Inc.
The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe Inc. and $189 million of Netflix, the Tokyo-based company said in a filing to the U.S. Securities and Exchange Commission dated Aug. 17. Its stake in Tesla was worth $122.9 million as of June 30, it said.