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SoftBank to raise $100 billion fund every 2-3 years, spend $50 billion annually -Bloomberg

Reuters  |  TOKYO 

(Reuters) - Corp plans to create a new $100 billion fund every two to three years and spend $50 billion annually, its told Businessweek in an interview published on Thursday.

Son has attracted more than $93 billion to his technology investment vehicle, and has flagged his intention to raise further financing.

The comments reflect Son's dealmaking ambitions that have shaken up the world of as he looks to accelerate his vision of a future driven by

SoftBank did not immediately comment.

The Vision Fund's largest investments to date are in companies including ride-hailing firm and shared-office space firm

Son's comments on the pace of the raising of new funds echo similar comments he made to the Nikkei daily last year.

Within 10 years, more than 1,000 companies will likely have received investments, he told Nikkei.

(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 27 2018. 12:17 IST