With Vision Fund falling further, SoftBank posts a $7.18 billion annual loss.
The Vision Fund unit of Japan’s SoftBank Group Corp. revealed a quarterly investment loss as a result of falling tech valuations.
The fair value of the portfolio held by the Vision Fund arm decreased by $2.3 billion to $138 billion over the January-March quarter.
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SoftBank decreased the value of the private portfolio companies that the first and second funds owned.
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