SoftBank Group Corp has recently moved from their main focus on investing in unlisted startup companies and into building stakes in major technology companies such as Amazon and Tesla, showing the major conglomerate expanding it’s investing activities into large scale multinational tech giants as well as their original start-up driven portfolio.
Softbank has built a stake of around $1.2 billion in Amazon alone, with the overall spend of acquiring tech assets hovering around the $10 billion dollar mark, with significant holdings gained in Netflix, Tesla, Microsoft and Google.
Chief Executive of Softbank Masayoshi Son recently stated that this new investment program was implementing excess profits from asset sales and redirecting them into liquid stocks.
The company recently revealed they had a stake in Nvidia Corp to the tune of around $220 million, and is reportedly in negotiation with the chip supplier over the possible sale of hardware design firm Arm.
Softbank group is moving away from investments originally mandated in their $100 billion Vision Fund, despite the late-stage startup fund providing them with the capital needed to pivot towards larger-scale tech company investment.
The recent tech-stock rally, helmed by the 60% upturn in Tesla shares, has certainly made Softbank’s move appear prescient to a large degree.