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SoftBank to write down $1.5 billion Greensill investment

The Corp’s Vision Fund has written down its “$1.5 billion investment in supply-chain finance company Greensill Capital”,  as reported by Bloomberg News. This occurred in the last months of 2020 and SoftBank is thinking about dropping the valuation further  (close to zero). As per the said report, Greensill, has been on the lookout to increase its funds aiming to go public soon.

Source: Reuters

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