SoftBank strategy shifts from long-term domination to survival as Vision Fund prepares for downturn
. In the process, SoftBank has become a technology and telecom holding company. Many of its largest bets -- ARM, Uber, WeWork, Didi Chuxing -- are housed within the Vision Fund, which gets some of its funding from outside investors such as Saudi Arabia's Public Investment Fund and Abu Dhabi state fund Mubadala Investment Co.
The Vision Fund owns large stakes in cash-guzzling ride-share companies such as Didi, Grab, and Ola, which are all still private and will all need exit strategies, either through going public or selling. Coronavirus quarantines are already severely impacting ride-sharing companies as consumers stay home. Uber shares are down about 45% in the last month -- and SoftBank still owns about 16% of Uber.
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