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SoftBank’s Stock Tumbles 17% as Market Crash Highlights Risks

By
Juro Osawa
· · Source: The Information

SoftBank Group’s stock fell 17% in Tokyo Thursday, even as Japan’s Nikkei 225 index declined only 1%. Meanwhile, Bloomberg reported on Thursday that SoftBank was looking to raise $5 billion so its first Vision Fund can support portfolio companies hurt by the coronavirus crunch. Investors are worried that SoftBank, the world’s biggest tech investor that operates the $100 billion Vision Fund, is...

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