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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
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.
The initial investments will likely include US$45 billion from Saudi Arabia and US$25 billion from SoftBank, as well as US$1 billion each from Apple Inc, Qualcomm Inc and Oracle Corp chairman Larry Ellison, the people said, asking not to be identified because the matter is private. Abu Dhabi investor Mubadala Development Co may join the first round, though it could also wait until a later time, they said.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
