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SoftBank Partners With Saudi Arabia To Create $100B Tech Investment Fund

by ibtimes.com posted 1year ago 6100 views
Japanese telecommunications and internet company SoftBank announced Friday that it is partnering with Saudi Arabia to launch a technology investment fund that may manage as much as $100 billion. Saudi Arabia’s Public Investment Fund (PIF) — the country’s top sovereign wealth fund — may invest up to $45 billion over the next five years in the new fund, tentatively named the SoftBank Vision Fund, while SoftBank will put in nearly $25 billion.