First round of investment to close for Softbank tech fund
Funds raised likely to exceed US$80b, giving CEO Masayoshi Son enormous war chest to hunt for deals
Fri, Feb 10, 2017 - 5:50 AM
“There is a big bang coming and it’s too good of a chance to pass up. We need to be in a position to face it head on. SoftBank Vision Fund’s role is to get us there,” says Mr Son.
SOFTBANK Group Corp is aiming to close the first round of investment in its planned US$100 billion technology fund by the end of February, giving CEO Masayoshi Son an enormous war chest to go on the hunt for deals, according to people familiar with the matter.