Morningstar Receives $91 Million for Internet Push
July 12, 1999
Morningstar, the mutual fund tracking firm in Chicago, plans to expand its presence on the Internet with a $91 million investment it has received from Softbank Corp. of Tokyo. Softbank invests in Internet businesses. The investment gives Softbank a 20 percent ownership interest in Morningstar. Softbank intends to build the world's first Internet conglomerate.