SoftBank Group CEO Masayoshi Son will invest his own money in Vision Fund 2, he revealed on Tuesday, to ensure he was exposed to the risks and returns of investing in the fund. Son said he planned to invest about $2.6 billion, funded in part by effectively borrowing against his stake in SoftBank, in the $40 billion Vision Fund 2. Son also revealed his company will take a wait-and-see approach...
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SoftBank’s Onetime Pizza-Robot Darling Shuts Down
Zume, which raised $375 million from SoftBank to automate pizza-making with robots before switching to developing sustainable packaging, has shut down. The company is insolvent and has retained restructuring firm Sherwood Partners to liquidate the assets for the benefit of the creditors, an alternative to bankruptcy, according to Martin Pichinson, Sherwood Partners’ cofounder. It ceased...
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