For SoftBank’s Son, coronavirus turns vision to illusion

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BANGALORE/TOKYO (Reuters) – SoftBank Group Corp (9984.T) founder Masayoshi Son’s dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets portending more pain.

FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo

More than half of the fund’s capital is in startups that are suffering from the virus impact or exhibiting stress pre-dating the outbreak, a Reuters analysis showed….



Source reuters.com

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