Japanese conglomerate SoftBank is expected to invest $40 billion into its second tech-focused mega fund, the Wall Street Journal reported Wednesday evening.
SoftBank’s board is due to meet Thursday to approve the funding, according to the Journal, citing people familiar with the matter.
The sequel to the massive $100 billion first Vision Fund has unlikely backers including Apple, Goldman Sachs and Standard Chartered, according to the Journal. It added that Goldman hopes to secure work for IPOs when the fund’s portfolio companies eventually go public.
Submitted July 25, 2019 at 12:13PM by seo-client https://ift.tt/2JPum6A via TikTokTikk
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