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SoftBank to Slow Down Investments As Market Turmoil Hurts Portfolio

By
Juro Osawa
· · Source: The Financial Times

SoftBank founder Masayoshi Son has told the company’s top executives to slow down investments, as the Japanese investment giant tries to raise cash amid a global stock market turmoil, the Financial Times reported. Son’s message to the executives at a recent meeting came at a challenging time. The volatility of tech stocks in recent months has hurt the value of SoftBank’s vast portfolio, and...

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