SoftBank plans to sell SoftBank Ventures Asia, which manages ~$2B in assets, to an entity led by Masayoshi Son's brother Taizo Son, for an undisclosed sum (Min Jeong Lee/Bloomberg)

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Min Jeong Lee / Bloomberg:

SoftBank plans to promote SoftBank Ventures Asia, which manages ~$2B in property, to an entity led by Masayoshi Son’s brother Taizo Son, for an undisclosed sum  —  SoftBank Group Corp. is promoting its early-stage enterprise capital arm SoftBank Ventures Asia Corp. after struggling billions of {dollars} in losses from failed startup bets.