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SoftBank group owns 1b-dollar shares in Amazon

The investment firm is capitalized at around 60 billion yen, which was put up 67 percent by SoftBank Group and 33 percent by Son. (AFP)
The investment firm is capitalized at around 60 billion yen, which was put up 67 percent by SoftBank Group and 33 percent by Son. (AFP)
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19 Aug 2020 02:08:38 GMT9
19 Aug 2020 02:08:38 GMT9

TOKYO: Japan’s SoftBank Group Corp. owns 1,044 million dollars worth of shares in US online retail giant Amazon.com Inc., it was learned by Wednesday.

The group also holds shares in many other US technology businesses, including 122 million dollars in US electric vehicle maker Tesla Inc. and 475 million dollars in Alphabet Inc., the parent company of Google LLC, according to a document disclosed Monday by the US Securities and Exchange Commission.

US media reports said SoftBank Group’s outstanding investments total 3.9 billion dollars in 25 companies.

On Aug. 11, SoftBank Group Chairman and Chief Executive Officer Masayoshi Son announced the launch of a new investment firm owned by him and SoftBank Group.

He also said the new company has invested in around 30 major tech businesses, including Amazon, on a trial basis.

The investment firm is capitalized at around 60 billion yen, which was put up 67 percent by SoftBank Group and 33 percent by Son.

JIJI Press

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