SoftBank CEO Son Says $100 Billion Tech Fund ‘Oversubscribed’

Japanese executive spoke at an event in New Delhi on Friday
Son to look at investment opportunities once funding in place

Masayoshi Son
Photographer: Akio Kon/Bloomberg

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By Saritha Rai, Anurag Kotoky, and Pavel Alpeyev

December 2, 2016 at 12:58 PM UTC

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SoftBank Group Corp. is close to tying up $100 billion for a technology fund that it announced with the government of Saudi Arabia, the Japanese company’s founder and Chief Executive Officer Masayoshi Son said.

“I am talking to a few investors and I think we are oversubscribed,” Son said at an event in New Delhi on Friday, without providing detail. He said he came to New Delhi straight from a visit to Saudi Arabia.