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In August, SoftBank Chief Executive Masayoshi Son had announced a new investment management subsidiary that would park excess cash from a massive asset sale program in liquid stocks.
So far, SoftBank has spent roughly $10 billion buying shares. It has also spent more buying derivatives in U.S. stocks, the sources said. The Financial Times first reported on these derivative purchases on Friday.
A SoftBank spokeswoman declined to comment.
SoftBank has already built a stake worth around $1.2 billion in e-commerce giant Amazon.com Inc (O:AMZN), according to regulatory filings.
In addition to Amazon, the Japanese tech conglomerate has built stakes in Netflix Inc (O:NFLX), Tesla Inc (O:TSLA), Microsoft Corp (O:MSFT) and Alphabet Inc (O:GOOGL), according to the filings.
In total, SoftBank has injected roughly $4 billion building up these stakes.
