Apple and Microsoft plan to invest billions of dollars in SoftBank technology fund

Apple and Microsoft plan to invest billions of dollars in SoftBank technology fund

The Troubled Saga of Masa Son’s $100 Billion Fund

Description video:
SoftBank CEO Masayoshi Son’s Vision Fund has been impossible to ignore since its inception, pumping billions upon billions of dollars into tech companies like WeWork and Uber. Now, a string of high-profile losses and the coronavirus pandemic have put the fund deeply in the red. Bloomberg journalists Pavel Alpeyev, Sarah McBride and Tim Culpan break down the controversial investment strategies that have led to this critical moment for Son’s unprecedented fund. \n\nVideo by Vicky Feng and Alan Jeffries\n\n#SoftBank #Epics #Business\n\n——–\nLike this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1\n\nBloomberg is the First Word in business news, delivering breaking news \u0026 analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com\nConnect with us on…\nTwitter: https://twitter.com/business\nFacebook: https://www.facebook.com/bloombergbusiness\nInstagram: https://www.instagram.com/bloombergbusiness/

Apple and Microsoft plan to invest billions of dollars in SoftBank technology fundApple and Microsoft plan to invest billions of dollars in SoftBank technology fund

Japanese corporation SoftBank Group Corp. creates a new fund for investments in companies specializing in the development of artificial intelligence technology.

The project was named Vision Fund 2 and has already attracted the attention of such large companies as Apple, Microsoft, Foxconn, Standard Chartered Bank.Apple and Microsoft plan to invest billions of dollars in SoftBank technology fund Japanese financial giants Mizuho Bank, Sumitomo Mitsui Banking Corporation and MUFG Bank are also interested in investments..  

The first SoftBank fund, in which about $ 100 billion was invested, attracted funds mainly from Abu Dhabi and Saudi Arabia. The money went to fund Uber, Slack, The We Company (formerly WeWork), and Indian e-commerce firm Flipkart..

It is reported that Riyadh intends to invest in Vision Fund 2, but this time the amount of investments will not exceed $ 45 billion..

The total volume of investment has not yet been announced, as negotiations with new participants continue to this day. Moreover, if all current partners fulfill their financial obligations, then the second fund will exceed the first in volume. At the moment, the project expects about 108 billion of invested funds. The Japanese tech giant itself said it will send $ 38 billion to its fund.