3 Investments Giving SoftBank a Headache
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SoftBank Group (OTC: SFTBF) (OTC: SFTBY) has a $100 billion investment fund which mainly invests in the tech sector. To date, Vision Fund I has invested in 83 different companies of varying sizes. However, there have been a number of high-profile, poorly performing significant investments from SoftBank, namely Uber Technologies (NYSE: UBER), Slack Technologies (NYSE: WORK), and WeWork.
SoftBank was founded originally in 1981 as a telecommunications firm in Tokyo. Over the years, it expanded into a number of other industries. In recent times, the company's fund has been spending a lot of money to acquire smaller companies, as well as make significant investments in bigger companies.
Source Fool.com
