SoftBank ventures into Saudi Arabia in a deal with wealth fund
3 years, 6 months ago

SoftBank ventures into Saudi Arabia in a deal with wealth fund

Al Jazeera  

SoftBank has partnered with Saudi Arabia’s sovereign wealth fund and plans to expand into the Middle East and Africa. SoftBank Group Corp. has made its first investment in a company based in Saudi Arabia, partnering with a unit of the kingdom’s sovereign wealth fund to lead a $125 million financing for customer communication platform Unifonic. The Unifonic deal is funded through SoftBank’s Vision Fund 2, and follows on from July’s $415 million fundraising by Dubai-based cloud kitchen startup Kitopi, which was SoftBank’s first in a business based in the United Arab Emirates and took that company’s valuation past $1 billion. It raised $21 million in 2018 led by STV, a $500 million venture fund established by Saudi Telecom Co. Sanabil, a unit of Saudi Arabia’s Public Investment Fund, was also an investor in the company. The PIF, as the wealth fund is known, put $45 billion into the first Vision Fund, which backed many of the largest technology startups including Uber Technologies Inc., Opendoor Technologies Inc. and DoorDash Inc. “Over the next five years, we see the business growing by 10 times,” Hamdan said.

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History of this topic

Why is tech giant SoftBank investing over $100 billion in the US?
3 months, 1 week ago

Why is tech giant SoftBank investing over $100 billion in the US?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese tycoon Masayoshi Son and …

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal
3 months, 2 weeks ago

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal

Live Mint  

US President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is planning to invest $100 billion in U.S. projects over the next four years. The company's investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia. The announcement will come days after Trump …

SoftBank’s CEO to pledge $100 billion in U.S. investments
3 months, 2 weeks ago

SoftBank’s CEO to pledge $100 billion in U.S. investments

LA Times  

SoftBank Group Corp. Chief Executive Masayoshi Son is set to announce a plan to invest $100 billion in the U.S. over the next four years during a visit with President-elect Donald Trump, according to people familiar with the matter. OpenAI CEO Sam Altman will give $1 million to Trump’s inaugural fund after having previously donated to President Biden’s 2024 reelection …

SostBank Vision Fund’s Rajeev Mishra steps down as co-chief of largest-ever VC fund
4 months, 2 weeks ago

SostBank Vision Fund’s Rajeev Mishra steps down as co-chief of largest-ever VC fund

Live Mint  

Rajeev Misra is formally stepping down as co-chief executive officer of SoftBank Group Corp.’s Vision Fund, bringing to a close a tumultuous tenure at the helm of what had been the largest-ever venture capital fund. Misra was instrumental in helping SoftBank founder Masayoshi Son set up the Vision Fund in 2017, helping him raise nearly $100 billion from Saudi Arabia, …

Middle Eastern Sovereign Wealth Funds become the world's ATM
1 year, 6 months ago

Middle Eastern Sovereign Wealth Funds become the world's ATM

Live Mint  

Five years ago, Saudi officials watched a wave of American finance executives pull out of a free investment confab in Riyadh after the murder of a dissident journalist made the kingdom a toxic place to do business. The region’s sovereign-wealth funds have become the en vogue ATM for private equity, venture capital and real-estate funds struggling to raise money elsewhere. …

SoftBank’s Arm aims to raise $8 billion in US IPO
2 years ago

SoftBank’s Arm aims to raise $8 billion in US IPO

Live Mint  

SoftBank Group Corp.’s Arm Ltd. is seeking to raise at least $8 billion in a US initial public offering, Reuters reported. The British chip designer is expected to confidentially submit paperwork for its IPO in late April with the listing expected to take place later this year, the news agency said, citing unidentified people familiar with the matter. The reported …

SoftBank loses nearly $6 billion in quarter as investments suffer
2 years, 1 month ago

SoftBank loses nearly $6 billion in quarter as investments suffer

Live Mint  

TOKYO : SoftBank Group Corp.’s technology investment vehicles posted a loss of nearly $6 billion in the latest quarter, leading the company to reiterate its conservative approach. After posting a record loss equivalent to more than $20 billion in the April-to-June quarter, it reported an equally large profit in the quarter ending in September thanks to profits from unwinding its …

SoftBank plans $35 mln bet on India's GoMechanic, sources
2 years, 6 months ago

SoftBank plans $35 mln bet on India's GoMechanic, sources

The Hindu  

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence. Last month, its boss Masayoshi Son said SoftBank would invest much less this year than in 2021, following a record $26.2 billion quarterly loss at its Vision Fund on falling tech valuations. Vision Fund's early-stage …

Rajeev Misra to step back from top executive role at SoftBank
2 years, 8 months ago

Rajeev Misra to step back from top executive role at SoftBank

Live Mint  

Rajeev Misra, who runs SoftBank Group Corp.’s giant venture-investing arm, will step back from his role to run a new outside investment outfit, according to a company memo. Mr. Misra will stay on in a reduced capacity at SoftBank, overseeing the original Vision Fund investments, while stepping back from oversight of its successor, Vision Fund 2, according to the memo, …

SoftBank-backed GlobalBees joins unicorn club with $111.5 mn funding
3 years, 3 months ago

SoftBank-backed GlobalBees joins unicorn club with $111.5 mn funding

Live Mint  

SoftBank-backed GlobalBees Brands Pvt Ltd, a Thrasio-style direct-to-consumer venture that aggregates and invests in e-commerce brands, has raised $111.5 in its Series B funding round led by Premji Invest at unicorn valuation, the company said in a statement on Wednesday. Steadview Capital, along with existing investors SoftBank and e-commerce baby products company FirstCry participated in the funding round, the company …

SoftBank in talks to invest in PharmEasy parent API Holdings
3 years, 8 months ago

SoftBank in talks to invest in PharmEasy parent API Holdings

Hindustan Times  

SoftBank Group Corp. is in discussions to invest in API Holdings Pvt, which owns India’s largest online pharmacy chain PharmEasy, according to people familiar with the matter. API is seeking a valuation of at least $5.6 billion in a new funding round, said one of the people, who asked not to be identified as the information is private. SoftBank could …

‘SoftBank could invest over $4 billion in India’
3 years, 9 months ago

‘SoftBank could invest over $4 billion in India’

Hindustan Times  

Masayoshi Son-led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service, B2B marketplaces, e-commerce, health-tech and ed-tech. The investments will come from the Japanese company’s Vision Fund 2, which has an investment outlay of up to $30 billion for the current calendar year. We anticipate …

SoftBank stock has best day in 12 years after unveiling huge buyback plan
5 years ago

SoftBank stock has best day in 12 years after unveiling huge buyback plan

CNN  

Hong Kong CNN Business — SoftBank announced a mammoth plan Monday to sell $41 billion worth of assets, buy back shares and shore up its finances, giving the company’s stock its best day in more than a decade. The plan involves selling or liquidating up to 4.5 trillion Japanese yen worth of holdings, which the Japanese tech group says will …

SoftBank’s Masayoshi Son considers new type of fund for startup investing
5 years, 1 month ago

SoftBank’s Masayoshi Son considers new type of fund for startup investing

Live Mint  

SoftBank Group Corp. founder Masayoshi Son said he is considering a new type of fund for startup investing, showing his determination to keep cutting deals after missteps with WeWork and several other companies. “So before we officially launch SoftBank Vision Fund 2, maybe we start from a smaller scale and start from a shorter period in terms of investment as …

SoftBank’s profit drop amid WeWork worries, Sprint approval
5 years, 1 month ago

SoftBank’s profit drop amid WeWork worries, Sprint approval

Associated Press  

TOKYO — Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork. Tokyo-based SoftBank said Wednesday its profit for the October-December quarter stood at 55 billion yen, down to less than a tenth of the 698 billion it earned over the three months …

SoftBank's $108 billion Vision Fund 2 is on shaky ground
5 years, 2 months ago

SoftBank's $108 billion Vision Fund 2 is on shaky ground

Wired  

Getty Images / Tomohiro Ohsumi / Contributor SoftBank’s record-breaking $97 billion Vision Fund 1 was the largest fund ever when it launched in 2017. Nevertheless, in July 2019, Softbank founder Masayoshi Son announced plans for a second, even more extravagant investment vehicle worth up to $108bn: Vision Fund 2. Figures released by SoftBank in November showed that Vision Fund 1 …

SoftBank’s troubles don’t end with Wag. Here are 5 more Vision Fund investments to watch closely
5 years, 3 months ago

SoftBank’s troubles don’t end with Wag. Here are 5 more Vision Fund investments to watch closely

CNN  

Hong Kong CNN Business — SoftBank’s decision to abandon its $300 million investment in dog-walking startup Wag has raised more questions about the strategy of its mega tech fund. The Vision Fund also has stakes in ride-hailing startups Didi, Grab and Ola, all of which “will likely face similar issues as Uber, with their economics likely remaining challenged until robo-taxis …

SoftBank gives up on dog-walking startup Wag after investing $300 million
5 years, 3 months ago

SoftBank gives up on dog-walking startup Wag after investing $300 million

CNN  

CNN — SoftBank raised eyebrows nearly two years ago when it pumped a staggering $300 million into a dog-walking startup called Wag. New Wag CEO Garrett Smallwood informed staffers on Monday that the company was “amicably parting ways with SoftBank,” according to the email obtained by CNN Business. For SoftBank, the failed Wag investment is just the latest shadow cast …

Committed to India in the long term, says SoftBank’s India head Sumer Juneja
5 years, 3 months ago

Committed to India in the long term, says SoftBank’s India head Sumer Juneja

Firstpost  

Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future. We have an optimistic outlook, a fundamental belief in the country’s potential and remain committed to India in the long term,” Sumer Juneja, Partner and Head of India, SoftBank Investment Advisers, told Tech2. “SoftBank’s other investments in India might come …

Global setbacks put SoftBank’s investment plans in India at risk
5 years, 4 months ago

Global setbacks put SoftBank’s investment plans in India at risk

Live Mint  

Mumbai: SoftBank Group’s large-ticket investments in India face an uncertain future as the Japanese conglomerate struggles with setbacks in its marquee investments of WeWork and Uber, raising questions on the completion of its second Vision Fund of $100 billion. Four people directly aware of ongoing discussions between SoftBank and Indian startups said the investor has been mulling two deals for …

SoftBank takes $9 billion hit from Uber, WeWork and other tech investments
5 years, 4 months ago

SoftBank takes $9 billion hit from Uber, WeWork and other tech investments

CNN  

Hong Kong CNN Business — Some of Masayoshi Son’s biggest tech bets are leading to multibillion dollar losses. SoftBank on Wednesday reported an operating loss for the most recent quarter of 970.3 billion yen on its mega tech funds including the Vision Fund, which holds investments in Uber, WeWork, Slack and other major startups. The group reported losses of 704 …

SoftBank’s big tech ambitions in doubt after WeWork IPO debacle and Uber’s slump
5 years, 6 months ago

SoftBank’s big tech ambitions in doubt after WeWork IPO debacle and Uber’s slump

CNN  

Hong Kong CNN Business — SoftBank CEO Masayoshi Son has been shaking up the global tech industry and Silicon Valley, using his $100 billion Vision Fund to pour money into splashy startups like Uber, Slack and WeWork. Slack is also down 40% from a June high and down 25% from the reference price set when it went public.The SoftBank Vision …

SoftBank’s big tech bets are paying billions
5 years, 7 months ago

SoftBank’s big tech bets are paying billions

CNN  

Tokyo CNN Business — SoftBank’s massive tech fund is pulling in big profits. Operating income for the Vision Fund soared 66% to nearly 398 billion yen last quarter thanks to valuation gains on investments like Oyo, Slack and Doordash, SoftBan said in an earnings statement Wednesday. SoftBank founder Masayoshi Son launched the $100 billion Vision Fund in May 2017, with …

SoftBank to use proceeds from first Vision fund for the second
5 years, 8 months ago

SoftBank to use proceeds from first Vision fund for the second

Live Mint  

SoftBank Group Corp plans to use proceeds from its first Vision Fund to bankroll the $38 billion it has committed to the second, a person aware of the development said, in a show of unflinching confidence in its huge tech bets commanding sky-high valuations when sold. The Japanese investment firm, led by artificial intelligence advocate Masayoshi Son, on Friday said …

SoftBank’s Son shines a spotlight on his Vision Fund proteges
5 years, 8 months ago

SoftBank’s Son shines a spotlight on his Vision Fund proteges

Live Mint  

Masayoshi Son likes to sketch out a grand vision for the future of artificial intelligence to justify his seemingly scattershot approach to investing. The founders of Southeast Asian ride-hailing giant Grab, indoor farming startup Plenty, Indian hotel chain OYO Rooms and payments service Paytm took the stage at an annual SoftBank conference to explain how AI helps them stay on …

SoftBank’s market value slides $9 billion as Uber IPO flops
5 years, 10 months ago

SoftBank’s market value slides $9 billion as Uber IPO flops

Live Mint  

On Thursday, as his company booked a $3.8 billion gain from its stake in Uber Technologies Inc., Masayoshi Son told SoftBank Group Corp. investors that their time had finally come. SoftBank has lost about $9 billion in market value despite reporting last week that profit more than tripled thanks to the valuation gain from its stake in the U.S. ride-hailing …

SoftBank says it has made $3.8 billion off its Uber investment
5 years, 10 months ago

SoftBank says it has made $3.8 billion off its Uber investment

CNN  

Hong Kong CNN Business — SoftBank CEO Masa Son’s big bets on Uber and other tech companies are poised to make the Japanesecompany a lot of money. SoftBank reported Thursday that the value of its investment in the ride hailing company has increased 418 billion yen.It invested more than $7 billion in Uber in 2017 through its Vision Fund. Son …

SoftBank and Saudi Arabia are two big winners from the Uber IPO
5 years, 11 months ago

SoftBank and Saudi Arabia are two big winners from the Uber IPO

CNN  

London CNN Business — Uber’s IPO is generating plenty of excitement in Silicon Valley. They’re the main backers of the SoftBank Vision Fund, Uber’s largest shareholder with a 16.3% stake.Saudi Arabia’s sovereign wealth fund also owns a direct stake of 5.3%. Saudi Arabia’s Public Investment Fund, which invested in 2016,also has an Uber board seat occupied by itsmanaging director Yasir …

SoftBank Group to invest $450 million in logistics company Delhivery; Gurugram-based firm to be valued at $1 billion
6 years, 4 months ago

SoftBank Group to invest $450 million in logistics company Delhivery; Gurugram-based firm to be valued at $1 billion

Firstpost  

Japanese conglomerate SoftBank Group is reportedly set to invest $450 million in logistics company Delhivery, taking valuation of the Gurgaon-based company at over $1 billion, a media report said. According to The Economic Times, SoftBank’s Vision Fund will invest around $350 million in the Indian logistics firm initially. This investment was a part of the bigger equity financing round where …

SoftBank’s Masayoshi Son sees profit surge in Q2 amid scrutiny over Saudi ties
6 years, 4 months ago

SoftBank’s Masayoshi Son sees profit surge in Q2 amid scrutiny over Saudi ties

Live Mint  

Tokyo: SoftBank Group Corp. founder Masayoshi Son is starting to see the benefits of his enormous technology investments—along with the scrutiny that comes from taking money from Saudi Arabia. Yet Son also faced repeated questions during a post-earnings briefing in Tokyo about his relationship with Saudi Arabia, the biggest investor in his $100 billion Vision Fund. “Next year, I believe …

SoftBank sticks with Saudis despite regret over Khashoggi killing
6 years, 4 months ago

SoftBank sticks with Saudis despite regret over Khashoggi killing

CNN  

Hong Kong CNN Business — Masa Son is sticking with Saudi Arabia. The CEO and founder of Japan’s SoftBank on Monday expressed “strong regret” over the killing of Saudi journalist Jamal Khashoggi, but said his company can’t sever its financial ties to Saudi Arabia. The killing of Khashoggi in the Saudi consulate in Istanbul was “a terrible incident that should …

SoftBank’s Kabir Misra’s fund to buy into Meesho, Acko
6 years, 4 months ago

SoftBank’s Kabir Misra’s fund to buy into Meesho, Acko

Live Mint  

New Delhi: RPS Investment Fund, set up by SoftBank Investment Advisers managing partner Kabir Misra, is set to pick up stakes in social commerce startup Meesho and insurance provider Acko, two people familiar with the matter said. Mint reported in July that Misra was in advanced talks to set up a fund, which would make early- and mid-stage investments, primarily …

SoftBank’s Masayoshi Son, Saudi’s prince and a $22 billion test
6 years, 5 months ago

SoftBank’s Masayoshi Son, Saudi’s prince and a $22 billion test

Live Mint  

Tokyo: Masayoshi Son has already paid a price for his close ties to Saudi Arabia. Son’s SoftBank Group Corp. plummeted the most in more than two years on Monday after Saudi Arabia came under fire for the disappearance of journalist Jamal Khashoggi. The kingdom is the biggest outside investor in SoftBank’s $100 billion Vision Fund, which has backed Uber Technologies …

SoftBank’s deep ties with Saudi Arabia are making investors nervous
6 years, 5 months ago

SoftBank’s deep ties with Saudi Arabia are making investors nervous

CNN  

Hong Kong CNN Business — Masayoshi Son used Saudi Arabia’s oil riches to help him become one of the world’s most powerful tech investors. Shares in Son’s Japanese tech company SoftBank plunged more than 7% in Tokyo on Monday as international pressure intensified on Saudi Arabia over the disappearance of prominent journalist Jamal Khashoggi. Jeenah Moon/Bloomberg via Getty Images Top …

Here’s where Saudi Arabia has invested around the world
6 years, 5 months ago

Here’s where Saudi Arabia has invested around the world

CNN  

London CNN Business — Saudi Arabia has spent the past few years pumping its oil riches into Silicon Valley. Tech companies have been among the major beneficiaries of Saudi Arabia’s bid to diversify its economy, receiving billions of dollars via direct investments from the country’s sovereign wealth fund, or indirectly through a massive fund established with Japan’s SoftBank. Public Investment …

Saudi Arabia’s new economy dream threatened by Khashoggi backlash
6 years, 5 months ago

Saudi Arabia’s new economy dream threatened by Khashoggi backlash

CNN  

London CNN Business — One year ago, with more than 3,500 business leaders and government officials in attendance in Riyadh, Crown Prince Mohammed bin Salman announced that Saudi Arabia was open for business. Smart Take A year ago, Crown Prince Mohammed bin Salman wowed prominent foreign investors with plans to modernize Saudi Arabia’s economy and reduce its dependence on oil. …

Saudi Arabia’s money was a boon to Silicon Valley. Now it’s a headache.
6 years, 5 months ago

Saudi Arabia’s money was a boon to Silicon Valley. Now it’s a headache.

CNN  

CNN Business — For years, Saudi Arabia has been one of the unofficial banks for the tech industry. Uber received a staggering $3.5 billion in funding from Saudi Arabia’s Public Investment Fund in 2016 and added the Public Investment Fund’s managing director to its board, where he still serves today. The statements highlight the new challenge much of the tech …

Will Softbank kill the Venture Capital star?
6 years, 5 months ago

Will Softbank kill the Venture Capital star?

Live Mint  

A start-up founder is in conversation with an investor. At the heart of it is SoftBank, and its founder and CEO Masayoshi Son, the world’s most powerful investor with his $100 billion Vision Fund. It now requires a fundamental shift in how private equity funds will implement their business strategy and manage capital,” said a fund manager. Even more importantly, …

PolicyBazaar raises more than $200 mn led by SoftBank Vision Fund, enters coveted Unicorn club
6 years, 9 months ago

PolicyBazaar raises more than $200 mn led by SoftBank Vision Fund, enters coveted Unicorn club

Firstpost  

Founded in 2008, PolicyBazaar’s investors include the likes of Temasek, Tiger Global Management, True North, InfoEdge, Premji Invest, besides investments from other PE funds and family offices New Delhi: Insurance portal PolicyBazaar has raised over $200 million through a fresh round of investment led by Japan’s SoftBank, in a deal that is expected to secure the online insurance aggregator a …

SoftBank to open Saudi Arabian office: reports
6 years, 10 months ago

SoftBank to open Saudi Arabian office: reports

Live Mint  

Riyadh/Dubai: SoftBank is planning to open a Saudi Arabian office, two people familiar with the matter told Reuters on Tuesday, further strengthening its ties with the kingdom. The Japanese technology investor already has close links with Riyadh after Saudi Arabia’s Public Investment Fund contributed to SoftBank’s $93 billion Vision Fund, the world’s largest private equity fund. SoftBank and PIF, Saudi …

Softbank CEO Masayoshi Son confirms deal to sell Flipkart stake to US retail giant Walmart
6 years, 10 months ago

Softbank CEO Masayoshi Son confirms deal to sell Flipkart stake to US retail giant Walmart

Firstpost  

SoftBank Group CEO Masayoshi Son said Wednesday it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart Tokyo: The head of Japanese technology company SoftBank Group Corp. said Wednesday it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart. One such company is Britain’s ARM Holdings, an innovator …

Saudi Arabia, SoftBank ink deal on $200 billion solar project
7 years ago

Saudi Arabia, SoftBank ink deal on $200 billion solar project

Live Mint  

Riyadh/Washington: Saudi Arabia has signed a memorandum of understanding with SoftBank Group Corp. for a $200 billion solar power project in the kingdom, calling it the single largest of its kind in the world. The deal deepens SoftBank’s ties with the world’s largest crude exporter and advances the crown prince’s ambition to diversify Saudi Arabia’s economy. The Japanese company’s Vision …

Masayoshi Son plans push to cut discount on SoftBank’s stock
7 years, 1 month ago

Masayoshi Son plans push to cut discount on SoftBank’s stock

Live Mint  

Tokyo: SoftBank Group Corp.’s Masayoshi Son became technology’s biggest investor over the past year, taking major stakes in ride-hailing, e-commerce and semiconductors. Son, who has said the information revolution is SoftBank’s core business, has used earnings from his telecom operations to fund investments in overseas technology companies. Lane thinks one reason for the valuation gap is that shareholders are still …

SoftBank-led group to acquire 17.5% stake in Uber
7 years, 3 months ago

SoftBank-led group to acquire 17.5% stake in Uber

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. SoftBank and the rest of the consortium, which includes …

Uber approves SoftBank multibillion-dollar investment offer
7 years, 4 months ago

Uber approves SoftBank multibillion-dollar investment offer

Live Mint  

San Francisco: Uber Technologies Inc. approved SoftBank Group Corp.’s offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private start-up deals ever. As part of the deal, venture capital firm Benchmark agreed to put its lawsuit against Uber co-founder Travis Kalanick on hold and drop the complaint when SoftBank’s investment and …

Uber backers said to discuss stock sale to SoftBank, others
7 years, 8 months ago

Uber backers said to discuss stock sale to SoftBank, others

Live Mint  

San Francisco/London/New York: Uber Technologies Inc. shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares to SoftBank Group Corp. and other potential investors, people familiar with the matter said. Uber’s former chief executive officer Travis Kalanick, who remains on the board, didn’t learn about Benchmark’s effort to sell early shares until recently, two …

SoftBank aims to raise $3-5 billion via bond issue
7 years, 8 months ago

SoftBank aims to raise $3-5 billion via bond issue

Live Mint  

Hong Kong: Japan’s SoftBank Group Corp is targeting raising between $3 billion and $5 billion through an offering of US dollar bonds, according to a person familiar with the plans. The bond offering comes after the telecoms-to-investment conglomerate announced raising the world’s largest private equity fund—the nearly $100 billion Vision Fund backed also by Saudi Arabia’s main sovereign wealth fund—in …

SoftBank’s $100 billion fund says in talks with Canada, Mideast for $7 billion cash
7 years, 9 months ago

SoftBank’s $100 billion fund says in talks with Canada, Mideast for $7 billion cash

Live Mint  

London: SoftBank Group Corp. is in discussions with potential investors in Canada and the Middle East to raise $7 billion of additional capital for its $100 billion fund, according to people familiar with the matter. The Japanese company is in talks with Canadian pension funds, sovereign wealth funds in Kuwait and Qatar and technology companies, the people said, asking not …

SoftBank’s $100 billion Vision Fund rankles venture capital firms
7 years, 10 months ago

SoftBank’s $100 billion Vision Fund rankles venture capital firms

Live Mint  

New York/San Francisco: Earlier this month SoftBank led a $502 million investment in a London-based virtual reality start-up called Improbable Worlds. In the months since Softbank Group Corp. unveiled plans for a $100 billion technology fund, the Japanese company has been making its presence deeply felt across the industry. SoftBank also backed ride-hailing giant Didi Chuxing earlier this year in …

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