SoftBank piles $3.9 billion into surging market giants including Tesla, Netflix, and Amazon

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Reuters

SoftBank’s new asset management unit totaled roughly $3.9 billion into some of the planet’s hottest technology stocks, based on an SEC submitting released Monday.
The Japanese conglomerate opened a $1.04 billion stake in Amazon, a $475 million position in Alphabet, along with also a $189 million stake at Netflix, one of other marketplace favorites.
The investments vary from SoftBank’s past approach of investing in personal startups. The business plans to invest at least $10 billion in stocks throughout its arm, Bloomberg documented.
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SoftBank’s new asset management business has spent nearly $3.9 billion across some of the planet’s most well-known stocks, according to a Securities and Exchange Commission submitting released Monday.

The business opened places in Amazon, Tesla, Alphabet, along with Netflix stocks, among other niche giants, in its set of purchases. SoftBank founder Masayoshi Son revealed the new asset management system within a August 11 earnings call as part of the strategy to increase investments. The conglomerate concentrated on businesses over buying stock. See the rest of the story at Business Insider

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