SoftBank will provide top managers with $ 20 billion to invest in a new fund

SoftBank will provide top managers with $ 20 billion to invest in a new fund

SOFTBANK SPAC SVFA is trading | MERGER TARGETS (Potential)

Description video:
4:35 Potential Merger Target (NOTHING CONFIRMED)\n6:18 Potential Merger Target (NOTHIING CONFIRMED)\n0:00 Start\n\n► MY YOUTUBE GEARS ◀\nMy Main Camera https://amzn.to/2X3UNKk\nIndoor Lens https://amzn.to/2TchfOm\nOutdoor Lens https://amzn.to/2SUcH2I\nMy Main Microphone https://amzn.to/2DLJPRB\nLavalier Mic https://amzn.to/35sGulP\nMy Camera External Monitor https://amzn.to/2UqUklC\nMy Mobile Phone https://amzn.to/2TvLBjW\nMy Main Drone https://click.dji.com/ACLCUi2sr571qN0GPzH72A?pm=link\nMy Travel Drone https://click.dji.com/ALxMSYwd_hPtlWxXsinGaQ?pm=link\n\n► YOUTUBE TOOLS ◀\nIntro song: IKSON – TAKE OFF https://www.youtube.com/watch?v=KSuk_BTh7-g\nYoutube Tools, TubeBuddy https://www.tubebuddy.com/young360\nAll My Youtube MUSIC, Epidemic Sounds http://share.epidemicsound.com/sqm9n\n\n*Above are affiliate links. Thanks for your support!\n\nHang out with me on INSTAGRAM www.instagram.com/travelwithYOUNG360\n\nDISCLAIMER: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long on some of the stocks mentioned in the video.\n\n#softbank #spac #svfa

SoftBank will provide top managers with $ 20 billion to invest in a new fundSoftBank will provide top managers with $ 20 billion to invest in a new fund

Japan’s SoftBank Group Corp plans to provide its employees, including CEO Masayoshi Son, with a loan of up to $ 20 billion to buy stakes in the second giant venture capital fund, Vision Fund, the Wall Street Journal reported Saturday, citing knowledgeable sources. Son’s share could be up to $ 15 billion of this amount. As such, the company is in a rush to build an ambitious technology fund amid volatile markets..

SoftBank executives believe that such a move will make employees more responsible, since the fund’s investments could be canceled if the manager leaves his post or becomes involved in questionable transactions..

The WSJ said, citing a source, that the interest rate on loans is likely to be around 5%.

The government of Kazakhstan is expected to contribute about $ 3 billion to the fund as an investor.SoftBank will provide top managers with $ 20 billion to invest in a new fund Banks such as Goldman Sachs Group Inc, Britain’s Standard Chartered PLC and Japan’s Mitsubishi UFJ Financial Group Inc have also announced they are ready to invest several hundred million dollars each in the fund..

According to WSJ, SoftBank is in talks with many pension funds and insurers, including in Taiwan, for a total investment that it hopes will exceed $ 30 billion..

SoftBank was not available for comment on Saturday.