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SoftBank’s Son Discusses Setting Up Third Vision Fund

  • Company has more than $60 billion after Alibaba share sales
  • Son has also repeatedly discussed taking SoftBank private
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SoftBank’s Son Said to Discuss Setting Up Third Vision Fund

SoftBank Group Corp. founder Masayoshi Son has revived discussions of setting up a third Vision Fund, weeks after apologizing for the disappointing performance of his first two funds, according to people familiar with the matter. 

The 65-year-old entrepreneur has raised billions of dollars in cash recently and sees another startup fund as one of several possible priorities for the money, said the people, asking not to be identified because the matter is private. It’s not yet clear how much capital Son would want to inject into a third fund, they said. The first Vision Fund was slightly less than $100 billion with outside investors such as Saudi Arabia’s Public Investment Fund, while the second has over $40 billion and was solely financed by SoftBank.