May
21
SoftBank’s Son Chases Boyhood Dreams With $100 Billion Fund
By-
Apple, Qualcomm and Saudis are backing new tech fund
-
Son’s spending spree may inflate valuations, crimp returns
When Masayoshi Son was a boy growing up on Japan’s southern island of Kyushu, he kept a notebook to scribble down new inventions he hoped to create one day. Today, the SoftBank founder has almost $100 billion to invest on making the next big thing a reality.
Son’s SoftBank Group Corp. closed the first round of a planned $100 billion investment fund, with money raised from Saudi Arabia, Abu Dhabi, as well as Apple Inc. and Qualcomm Inc. The Vision Fund gives the 59-year-old access to a pool of capital unparalleled in the worlds of private equity or venture capital — the equivalent of four Silver Lakes or 15 Sequoia Capitals…
SoftBank’s Son Chases Boyhood Dreams With $100 Billion Fund
