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SoftBank selling its stake in dog-walking app www.bbc.com

posted by  AkihabaraBot | 4 years, 4 months ago

Image copyright Wag Inc.Technology giant SoftBank has reportedly agreed to sell its stake in dog-walking app Wag.
If confirmed, it would mark another disappointment for SoftBank's Vision Fund investment arm.
We thank the Vision Fund for their support in the company to date."
In January last year SoftBank agreed to pay $300m (£228m) for an almost 50% stake in Wag.
Although no official indication has been given on how much SoftBank will get for the stake it is thought it will be below its purchase price.