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SoftBank Group's $108 bln Vision Fund 2 draws in Microsoft, Apple

Video credit: Reuters Studio
Published on July 26, 2019 - Duration: 01:17s

SoftBank Group's $108 bln Vision Fund 2 draws in Microsoft, Apple

SoftBank has secured pledges from Microsoft and other investors of around $108 billion for a second Vision Fund aimed at investing in technology firms. David Pollard reports.

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SoftBank Group's $108 bln Vision Fund 2 draws in Microsoft, Apple

Microsoft .... Apple.

Two of the biggest names in tech - now potentially two big names in tech investment through SoftBank's second Vision Fund.

SoftBank Group has secured pledges of around 108 billion dollars from Microsoft and other investors To plough into late-stage - or established but pre IPO - tech startups.

Along with Apple, others set to join, it says, include Foxconn.

Both investors in Softbank's first Vision Fund ... Which gained a name for taking high-profile stakes in Uber, WeWork parent The We Company and others.

And with a high, 45 per cent rate of return for holders of the Fund's common shares, SoftBank said in May.

The Japanese conglomerate itself plans to invest 38 billion dollars.

Notable so far for their absence are the sovereign wealth funds of Saudi Arabia and Abu Dhabi.

They helped launch the first Vision Fund with 60 billion dollars in backing.

But SoftBank's close links with Saudi Arabia compelled founder and CEO Masayoshi Son to defend the relationship publicly ... After Saudi security personnel were accused of murdering Saudi journalist Jamal Khashoggi.

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SoftBank Group announced today that it will launch its second Vision Fund with participation from Apple, Foxconn, Microsoft and other tech companies and...
on July 26, 2019 • TechCrunch

Β· *One day after reports circulated about Microsoft's involvement in SoftBank's newest venture fund, the Japanese telecom giant confirmed it raised $108 billion...
on July 26, 2019 • Business Insider

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