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SoftBank CEO took $3-bn loan to invest in Vision Fund: Bloomberg
short by Kanishka Pandey / on 19 Sep 2019,Thursday
SoftBank Group's Founder and CEO Masayoshi Son loaned himself around $3 billion to invest in the Japanese conglomerate's first, $100-billion Vision Fund, Bloomberg reported citing sources. The 62-year-old has pledged 38% of his stake in the Japanese firm as collateral for personal loans from 19 banks, regulatory filings revealed. The loan was swapped for equity in the fund, Bloomberg added.
short by Kanishka Pandey / 11:55 am on 19 Sep
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