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Masayoshi Son goes on data binge with SoftBank's $100-bn vision Fund

Deals have run the gamut from smaller investments in start-ups to larger deals with public companies

Katie Benner | NYT  |  San Francisco 

When Eric Gundersen, the chief executive of a mapping start-up called Mapbox, met Masayoshi Son, the head of the Japanese conglomerate SoftBank, in late July, he expected to sell Son on what made Mapbox important. But Son, 60, did not need to be convinced that Mapbox’s technology — which powers Lyft drivers and companies like Snap and Mastercard — had value. After a whirlwind courtship, Son’s nearly $100 billion Vision Fund, which SoftBank unveiled last October with money from Saudi Arabia and others, led a $164 million investment in Mapbox that was announced ...

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First Published: Wed, October 11 2017. 23:57 IST