SoftBank’s Vision Fund Sells $2 Billion of DoorDash Shares
- Japanese giant has cut its stake three times in half a year
- SoftBank left with about 11% of food-delivery company
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Masayoshi Son has tapped his shareholdings in DoorDash Inc. for the third time in just six months, selling $2 billion worth of SoftBank Group Corp.’s stake in the food-delivery giant.
SoftBank’s Vision Fund on Oct. 27 unloaded 10 million shares at $202.815 apiece, according to a filing with the U.S. Securities and Exchange Commission. Son sold $1 billion worth of DoorDash stock in May and raised $2.2 billion from a sale in August.