, Columnist
Spending a $108 Billion Checkbook Can Be Hard Work
SoftBank’s Vision Fund 2 will need to look far and wide for new investors, new scope and new targets.
So much money, so few targets!
Photographer: Akio Kon/BloombergThis article is for subscribers only.
It’s finally here. SoftBank Group Corp.’s Vision Fund 2 has an eclectic mix of investors who have collectively pledged $70 billion on top of the $38 billion the company plans to put in.
That’s a lot of kerosene. At $108 billion, this second act is even bigger than the first. Yet Masayoshi Son will need to look farther and wider for fires to pour it on: There aren’t too many Ubers, Bytedances, Didis or Grabs left.