SoftBank CEO Takes More Control in New $108 Billion Vision Fund
- SoftBank expects Apple, Microsoft and Foxconn to chip in The
- Vision Fund 2 is Son’s way of sustaining investment clout
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SoftBank Group Corp.’s founder Masayoshi Son unveiled a second enormous fund for technology investments, seeking to keep his place as the most influential investor in the industry.
The Japanese conglomerate aims to raise a total of $108 billion for the second Vision Fund, which would make it even larger than the first, unprecedented $100 billion effort. SoftBank is also taking more control -- and risk -- this time around, committing $38 billion in capital itself and replacing Saudi Arabia as the largest investor. Saudi Arabia’s Public Investment Fund, which chipped in $45 billion for the initial effort, was not mentioned in the announcement Friday.