SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla

Topics SoftBank | Amazon | Netflix


SoftBank Group Corp has built a stake worth around $1.2 billion in e-commerce firm Amazon, regulatory filings showed on Monday, as the tech conglomerate expands its investing activities beyond its recent focus on unlisted startups.

  Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks. SoftBank has spent around $10 billion buying shares.   In addition to Amazon, the group has built stakes in Netflix Inc,.....

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