While the fund’s holdings (perhaps Uber or WeWork or others) would be set as collateral, Bloomberg also reported in the same article that the loans were non-recourse, meaning that if for some reason SoftBank were unable to repay the loan, the lenders would have no claim to any assets outside of the company stakes set as collateral. The loan terms become more concerning with the Vision Fund since it invests in many unlisted and, in many cases, unprofitable companies. As we noted yesterday, at least one potential lender, Bank of America, decided not to participate due to concerns that the terms were too risky.
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Right. The proofs are interesting but don’t offer an intuitive explanation of why these patterns emerge. This is where we go back to my opening remark: it’s easier to grasp the outcome if you look at how rational numbers and reals are “made”.，详情可参考im钱包官方下载