SoftBank Vision Fund has dropped out of three large-scale investments in recent months, suggesting it is shifting to a more restrained strategy.
Internet and telecommunications group SoftBank’s Vision Fund has withdrawn from several large-scale investments in recent months, Axios reported yesterday, citing sources close to each company.
The fund has pulled out of investments with at least three companies having submitted term sheets months before and subsequently delaying their investments.
Vision Fund submitted a term sheet for senior care provider Honor in November 2019, reportedly to invest about $150m, and SoftBank chief executive Masayoshi Son gave the go ahead after a…
