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SoftBank’s Biggest Backer May Pull Out Of Vision Fund 2
  • 19/01/2020
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SoftBank’s Biggest Backer May Pull Out Of Vision Fund 2

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Descripción de SoftBank’s Biggest Backer May Pull Out Of Vision Fund 2

Under the glare of public and investor scrutiny, Japanese conglomerate SoftBank’s Vision Fund 2 is now under the cloud due to Fund 1’s performance. However, with the drama that ensued over the last few months, the company’s biggest backer — Saudi Arabia’s Public Investment Fund (PIF) — has reportedly suspended plans to invest in the new fund for now. SoftBank Vision Fund was set up in 2017 with a total corpus of $100Bn. Most of this vision fund was raised from Saudi Arabia and Abu Dhabi. SoftBank Vision Fund expects to reach $108 Bn in fund size based on the memorandum of understanding (MoUs) it has signed with investors, but this has become increasingly difficult. | To read full story, visit https://startuparound.com/read/1579417584.3174112/SoftBank’s-Biggest-Backer-May-Pull-Out-Of-Vision-Fund-2?ref=audio_experience

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