UPDATE 1-Most SoftBank Vision Fund investors want to join second fund -CEO Son [Reuters]
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Source: Reuters
Most SoftBank Vision Fund investors want to join second fund: CEO Son - Reuters 1 Min Read TOKYO (Reuters) - Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday. SoftBank will soon start discussing the second fund with the investors, Son said at the group’s annual general meeting, without providing further details. The entrepreneur said in May a second fund would launch “soon”, with SoftBank likely to be the only investor initially. Investors in the first Vision Fund, which has invested more than $80 billion in late-stage startups, include the sovereign wealth funds of Saudi Arabia and Abu Dhabi, Apple Inc and Foxconn, formally known as Hon Hai Precision Industry Co Ltd. Reporting by Sam Nussey; Editing by Christopher Cushing All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserve
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