SoftBank announces new $108-billion Vision Fund with Apple, Microsoft

SoftBank wants to raise a new massive fund every two or three years to take advantage of opportunities he sees in cutting-edge technologies

SoftBank Group’s founder Masayoshi Son launched a second Vision Fund, seeking to extend his reign as the world’s most influential technology investor.

The Japanese conglomerate will commit $38 billion to Vision Fund 2 with the goal of raising a total of $108 billion, SoftBank said Friday. Apple Inc, Microsoft Corp, sovereign wealth fund of Kazakhstan and a number of Japanese finance companies are also expected to contribute capital, SoftBank said. If the fundraising meets that goal, it would be even larger than the first $100 billion effort.

Son wants to raise a new massive fund every two or three years to take