SoftBank Group Corp . is finalizing a $4 billion loan from Apollo Global Management Inc. 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 $40 billion pot includes stakes in 150 companies such as Indian e-commerce giant Flipkart; digital-banking startup Revolut; and Cameo, a site where celebrities sell personalized messages. SoftBank can use the money for a range of purposes, one of the people said.
