SoftBank to invest billions of USD in global technology sector 

People walk behind the logo of SoftBank Corp in Tokyo

SoftBank Group Corp. (“SBG”) announces that it will form a private fund (the “Fund”) for making investments in the technology sector globally, which is tentatively to be named “Softbank Vision Fund.”

SBG expects to invest at least USD 25 billion (approximately JPY 2.6 trillion*) over the next five years. SBG has concluded a non-binding memorandum of understanding (“MOU”) on October 12, 2016 with the Public Investment Fund of the Kingdom of Saudi Arabia (“PIF”), under which PIF will consider investing in the Fund and becoming the lead investment partner, with the potential investment size of up to USD 45 billion (approximately JPY 4.7 trillion) over the next five years. In addition, a few large global investors are in active dialogue to join SBG and PIF to participate in this Fund. The overall potential size of the Fund can go up to USD 100 billion (approximately JPY 10 trillion).

Source: SoftBank

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