SoftBank Sold About $14 Billion in Listed Stocks Last Quarter
- The company disposed of Facebook, Microsoft, Google stakes
- SoftBank also sold about $4 billion worth of Uber, DoorDash
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SoftBank Group Corp. sold roughly $14 billion worth of listed stocks last quarter, nearly triple the amount in the previous period, as the company increases pace of investment in technology startups.
The company probably raised over $6 billion liquidating its holdings in Facebook Inc., Microsoft Corp., Alphabet Inc., Salesforce.com Inc. and Netflix Inc. in the three months ended June 30, according to Bloomberg calculations based on data disclosed by SoftBank in quarterly reports with the U.S. Securities and Exchange Commission. About $4 billion more came from partial sales of its stakes in Uber Technologies Inc. and DoorDash Inc., the numbers show.