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SoftBank Prepares $5 Billion For Latin America Funding

  • Total capital commitment to the region doubles to $10 billion
  • Investment scope to expand to include seed and Series A rounds
SoftBank Stores Ahead of Full-Year Results
Photographer: Soichiro Koriyama/Bloomberg
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SoftBank Group Corp. plans to invest an additional $5 billion in Latin American companies, according to people familiar with the matter.

The Japanese firm’s board is close to approving the new capital allocation, which would double its commitment to the region to $10 billion, one of the people said, asking to remain unnamed because the details are private. SoftBank will also expand the scope of its investments in the region to span from seed and Series-A startup rounds to taking stakes in public companies, according to the person.