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

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SoftBank Group Corp <9984.T> 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.
FILE PHOTO: A woman using a mobile phone walks past the logo of SoftBank Corp in Tokyo May 11, 2015. REUTERS/Toru Hanai/File Photo GLOBAL BUSINESS WEEK AHEAD

TOKYO (Reuters) - SoftBank Group Corp (9984.T) has built a stake worth around $1.2 billion in e-commerce firm Amazon (AMZN.O), 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…
Sam Nussey
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