share_log

SoftBank sold about $14 billion in listed stocks last quarter

AAStocks ·  Aug 18, 2021 02:40

SoftBank Group liquidated its stakes in several listed companies that worth around USD14 billion in total last quarter, nearly 3x the amount for the corresponding period of previous year, as the group expedited its investment pace in technology start-up companies, reported Bloomberg.

In the quarter ended June, SoftBank sold shares in $Facebook Inc(FB.US)$, $Microsoft Corp(MSFT.US)$, $Alphabet Inc-CL C(GOOG.US)$, $Salesforce.com Inc(CRM.US)$ and $Netflix Inc(NFLX.US)$, cashing out of more than US$6 billion; and about US$4 billion from the sale of part of the shares of $UBER TECHNOLOGIES INC(UBER.US)$ and $DoorDash, Inc.(DASH.US)$.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment