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SoftBank to Lend Founder and Employees Billions to Invest in Fund www.wsj.com

posted by  AkihabaraBot | 4 years, 8 months ago

SoftBank Group is leaning on its employees, including Chief Executive Masayoshi Son, for cash as the firm rushes to raise an ambitious technology fund amid volatile markets.
The Japanese company plans to lend up to $20 billion to its employees to buy stakes in its second giant venture-capital fund, according to people familiar with the matter.
Son may account for more than half of that amount, some of the people said.