founder and CEO Masayoshi Son's closely watched $100 billion Vision Fund was the biggest driver of those losses. The Vision Fund and a related fund reported an operating loss of 225 billion yen ($2 billion) for the quarter, blaming unrealized losses in WeWork andfor the hit. Last year, SoftBank announced it had signed memorandums of understanding with more than a dozen companies to form Vision Fund 2. Asked whether Vision Fund 2 could be funded entirely with SoftBank money, Son switched to English, saying: "We can make investment by ourselves. Elliott Management and many analysts who cover SoftBank also want better transparency on the Vision Fund.

Source: CNN February 12, 2020 06:51 UTC