Thursday, February 20, 2020
Saudi, Abu Dhabi and Oman said to be in talks with SoftBank over new $100bn fund
INDUSTRY

Saudi, Abu Dhabi and Oman said to be in talks with SoftBank over new $100bn fund

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SoftBank’s first Vision Fund has stakes in many of the world’s leading technology companies, including Uber and WeWork SoftBank Group is working with Goldman Sachs Group to raise money for its second $100 billion technology investment fund and will begin formally soliciting investors in July, according to people familiar with the matter. SoftBank and its bankers, which also include Centricus and Cantor Fitzgerald, have held preliminary talks with sovereign wealth funds from Singapore, Saudi Arabia, Abu Dhabi, Kazakhstan and Oman, said the people, who asked not to be named because the matter is private. SoftBank may contribute $40 billion […]

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