17.10.2016 - Saudi, SoftBank to set up $100bn tech fund
Japan's SoftBank is set to join forces with Saudi Arabia's sovereign wealth fund to launch a new tech fund that will manage as much as $100 billion, a move that will create one of the largest tech investment funds in the world. SoftBank will invest at least $25 billion into what’s provisionally called the SoftBank Vision Fund over the next five years, while Saudi Arabia is weighing putting in at least $45 billion. They may draw in other partners who could eventually push the fund’s size to its maximum, reported The New York Times............................................Full Article: Source
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