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SoftBank in talks with Apollo Global over $4bn loan
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SoftBank Group is finalising a $4bn loan from Apollo Global Management backed by SoftBank’s stable of technology-startup stakes, as the Japanese conglomerate seeks to weather turbulence in its portfolio.
The loan would be secured by SoftBank’s second Vision Fund, people familiar with the matter said. That roughly $40bn pot includes stakes in 150 companies such as Indian e-commerce giant Flipkart; digital-banking startup Revolut; and Cameo, a site where celebrities sell personalised messages.
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