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SoftBank seeking $7B investment for tech fund

Published 06/01/2017, 08:31 AM
© Reuters.  SoftBank seeking $7B investment for tech fund
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  • SoftBank (OTCPK:SFTBY, OTCPK:SFTBF) is talking with potential investors in Canada and the Middle East, according to Bloomberg, to raise $7B for the Vision Fund.
  • The Vision Fund’s creation was announced last month and the rumored investment would take the total up to $100B following commitments from the likes of Apple (NASDAQ:AAPL), Qualcomm (NASDAQ:QCOM), and Foxconn and its subsidiary Sharp.
  • SoftBank’s recent investments have included a $4B stake in Nvidia and $1.4B bet on digital payment company Paytm.
  • Previously: SoftBank takes $4B stake in Nvidia (May 24)
  • Now read: SoftBank's Vote Of Confidence In Nvidia


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