SoftBank Group has pumped $ 100 million into the startup Bioformis Pte, a software start-up, three times the company's valuation.
According to Arabiyanet, the group injected this investment through its $ 100 billion Vision Fund 2 fund.
The company is working on artificial intelligence software that predicts the problems of patients with heart disease.
In addition, Japanese magazine Toyo Kizai said that the SoftBank Group is working to accelerate the pace of its investments in US stocks listed on the stock exchange, which revolves around information technology companies in Outside.
and a document filed with the US Securities and Exchange Commission (SEC) on August 17th revealed that, as of the end of June this year, the group acquired Shares of 25 brands, including Amazon and Microsoft.
and these investments are related to the asset sale program announced by Softbek Group in March 2020. The program sells and funds assets worth 4.5 trillion yen in order to buy back its shares and reduce Debt (equivalent to $ 43 billion).
It was planned that the implementation of this program would take a whole year, but the value of the assets it acquired in early August reached 4.3 trillion yen.
as the goal is to reinvest more than 1 trillion yen in listed stocks during the period from April to June, in order to manage the funds obtained From selling assets. Indeed, more than half of this 594.9 billion yen was sold, with gains of 65.4 billion yen. It is worth noting that the money gained from selling these assets is not placed in cash, but rather capital gains are obtained even in light of the Corona pandemic.
a wealth of information
According to SoftBank Group, the shares disclosed in the Securities and Exchange Commission (SEC) document were acquired this time as part of an investment in listed stocks.
Masayoshi Son, Group Chairman and CEO, stated in the financial results meeting that was held on the 11th of August that he was investing in listed stocks, and that there is There are many listed companies that are important in enhancing the wealth of information in the medium and long term, and this explains the strategic implications that the group wants to focus on in the field of information technology ...
