3 ms·
Looks like they bought it for around $100m, and then pumped additional $37m into it, which would be 7x increase. Not terrible, but probably nothing to write hom
by senko 6y ago
Looks like they bought it for around $100m, and then pumped additional $37m into it, which would be 7x increase. Not terrible, but probably nothing to write home about, considering Softbanks "world-changing bets" scope.
This does sound like shedding off bets that didn't quite live up to the expectation, and making a small[0] profit off of it.
[0] Small in the eye of Softbank. If you have a $100B fund and got 0.7B profit, those 0.7% are going to move your needle very much.