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SoftBank’s Woes Are Mounting

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For the past decade, SoftBank and its founder, Masayoshi Son, grabbed headlines mainly for the Japanese conglomerate’s eye-popping investments, becoming a fixture in the American technology scene by spending freely on start-ups and fundamentally reshaping how such companies had been funded.There was the world’s largest tech investment fund. The billions of dollars pumped into WeWork, the co-working giant. And Mr. Son’s splashy purchase of one of Silicon Valley’s priciest homes.Now, the bad news is piling up.This week, SoftBank’s planned $40 billion sale of Arm, a chip designer, to Nvidia, the Silicon Valley chip maker, fell apart because of regulatory setbacks. Shares in a handful of big tech companies that SoftBank owns stakes in, from the Chinese internet giant Alibaba to DoorDash, the food delivery service, …

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