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SoftBank to raise $100 billion fund every 2-3 years: Bloomberg

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Reuters TOKYO
TOKYO (Reuters) - SoftBank Group Corp plans to create a new $100 billion fund every two to three years, its Chief Executive Masayoshi Son told Bloomberg Businessweek in an interview published on Thursday.
Son has attracted more than $93 billion to his Vision Fund technology investment vehicle, and has flagged his intention to raise further financing.
Son plans to spend around $50 billion annually, he told Bloomberg. The Vision Fund has made investments in technology companies including ride-hailing firm Uber Technologies Inc and shared-office space firm WeWork.
(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)

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First Published: Sep 27 2018 | 11:35 AM IST

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