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SoftBank and Saudi Arabia Sovereign Wealth Arm Launch Largest Tech Investment Fund

SoftBank and Saudi Arabia Sovereign Wealth Arm Launch Largest Tech Investment Fund

SoftBank and Saudi Arabia sovereign wealth arm have closed the funding for record $93 billion investment fund as founder Masayoshi Son seeks to increase his financing of technologies and startups. Investors in Softbank Vision Fund include Mubadala Investment Company of United Arab Emirates, Apple, Foxconn Technology Group, Qualcomm and Sharp.

“SoftBank and Saudi Arabia sovereign wealth arm have closed the funding for record $93 billion investment fund.”

~ Bloomberg

The Vision Fund intends to buy both minority and majority stakes in both private and public companies, ranging from ones focused on emerging technology to established, very large companies “requiring substantial growth funding”. Son has vowed to be biggest investor in the technology industry over the next five years.

Related Reports: Bloomberg, CNBC

About SoftBank

At SoftBank Group Corp., we’re looking to the next thirty years and beyond with a vision for innovation and growth. Since its establishment, the SoftBank Group has consistently operated under the vision of becoming a company contributing to people’s happiness and joy, and to the future of the world, not only pursuing the profit of the company. This vision is a driving force for the SoftBank Group as we continue to pursue growth.

Visit: SoftBank

 


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