You are currently viewing SoftBank Invests Heavily In Amazon, Tesla, Microsoft, Netflix, Others – New Report Shows

SoftBank Invests Heavily In Amazon, Tesla, Microsoft, Netflix, Others – New Report Shows

In a regulatory filings report, it appears that SoftBank is investing huge amounts in tech giants like Amazon, Netflix, and others. Why is this news?


Recently, SoftBank has been investing in unlisted tech startups and this is what brought about the formation of its, Vision Fund. This news now shows that the corporation is trying to pursue more realistic bets.


Reuters Business reports that SoftBank made a $1.2 billion investment in Amazon. This is not all, the report also claims that the company is buying stakes in Netflix, Tesla, Microsoft, and even Alphabet.


SoftBank had suffered huge losses in relation to its Vision Fund investments in recent times. In December 2019, it had to sell its interest in a dog-walking startup Wag at a loss. Its CEO Masayoshi Son had even publicly admitted that its huge bet on WeWork, a shared office provider, was ‘foolish’ after suffering huge losses.

Also read:
– Jumia Reports N17 Billion Loss In Q2 2020, Erasing Its Revenue Completely
– Lagos State To Mandate New N10K Annual Tax For All POS Operators?
– More Sanctions For Huawei Mean Users Cannot Get Android Updates

Also, the pandemic affected most of the SoftBank-backed startups as they had not even found a strong footing before it came causing disruptions. It had begun buying back shares in March 2020 and plans to spend a total of $41 billion on this.


To put the mind of investors at ease during the announcement of shares buyback, Son had said, “This programme will be the largest share buyback and will result in the largest increase in cash balance in the history of SBG [SoftBank Group], reflecting the firm and unwavering confidence we have in our business.”


It has been engaged in talks with Nvidia corp., a chipmaker, over the sale of its chip designer firm, Arm. So far, SoftBank has spent $10 billion buying shares according to a report.


Despite its challenges, SoftBank reported generating revenue of $12 billion during Q2 2020. Also, it is not abandoning its Vision Fund business although plans for a second one are on hold.


For your daily dose of tech, lifestyle, and trending content, make sure to follow Plat4om on Twitter @Plat4omLive, on Instagram @Plat4om, on LinkedIn at Plat4om, and on Facebook at Plat4om. You can also email us at and join our channel on Telegram at Plat4om. Finally, don’t forget to subscribe to our YouTube channel HERE.

Onwuasoanya Obinna

A reader of books and stringer of words. Passionate about Science and Tech. When not writing or reading he is surfing the web and Tweeting.

Leave a Reply