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SoftBank sets up Vision Fund to invest in tech sector

2016-10-14 08:03:00| Telecompaper Headlines

(Telecompaper) SoftBank Group will form a private fund to make investments in the technology sector globally. Via the SoftBank Vision Fund, SoftBank Group expects to invest at least USD 25 billion (approximately JPY 2.6 trillion) over the next five years. SoftBank Group has also signed a non-binding MoU with the Public Investment Fund of the Kingdom of Saudi Arabia (PIF), under which PIF will consider investing in the Fund and becoming the lead investment partner, with the potential investment size of up to USD 45 billion (approximately JPY 4.7 trillion) over the next five years.

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