SoftBank plans to lend up to $20 billion to employees, including CEO Masayoshi Son, to buy stakes in its new tech fund, say people familiar
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. Mr. Son may account for more than half of that amount, some of the people said.
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