SoftBank Group’s flagship Vision Fund has quietly sold or written down billions of dollars of publicly traded investments in recent years as founder Masayoshi Son moves away from venture capital deals that were once an obsession and focuses on strategic investments in semiconductors and artificial intelligence . intelligence.
Since the end of 2021, the world’s largest startup fund has seen its US-listed portfolio shrink by nearly $29 billion as it sold stakes in companies including Coupang, DoorDash and Grab Holdings, and as share prices fell, filings with the supervisors.
That figure excludes the sale of the Vision Fund’s stake in chip designer Arm Holdings to SoftBank last year.
