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09/28/2018

SoftBank Invests $400 Million in Home-Selling Startup Opendoor

SoftBank Group Corp. 9984 4.65% is raising its bet on the real-estate sector, as the Japanese conglomerate’s tech-focused Vision Fund has invested $400 million in online homebuying marketplace Opendoor Labs Inc., the companies said Thursday.

The investment comes only three months after Opendoor said it raised $325 million to back its business of buying and selling houses exclusively online.

See full Wall Street Journal article here.

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