Tajuk : It’s official: SoftBank’s tech fund becomes world’s biggest with $93 billion to invest
link : It’s official: SoftBank’s tech fund becomes world’s biggest with $93 billion to invest
It’s official: SoftBank’s tech fund becomes world’s biggest with $93 billion to invest
Brendan McDermid/Reuters
US President-elect Donald Trump and Softbank CEO Masayoshi Son acknowledge guests after meeting at Trump Tower.
SoftBank’s Vision Fund is officially the world’s biggest private equity fund after it announced on Saturday that it had closed $93 billion.
The extra $7 billion, bringing the fund’s total to $100 billion, is expected to close in the next six months, SoftBank said in its announcement on Saturday.
It’s a colossal amount of capital collected to invest in the next wave of technology companies, and it’s size and focus has attracted backers like Apple and Qualcomm as a result. The billions invested will be directed towards the tech industry, ranging from companies in artificial intelligence to robotics and cloud technology.
The way the fund was publicized suggested that it intended to invest in startups and emerging technologies. In December, Son told President-elect Donald Trump that $50 billion of the fund would be invested in US startups and it would bring 50,000 jobs to the US as a result, according to Bloomberg.
While startups will be a part of the fund, SoftBank said in the press release that it’s going to be investing in “established, multi-billion dollar companies requiring substantial growth funding” as well.
“Technology has the potential to address the biggest challenges and risks facing humanity today. The businesses working to solve these problems will require patient long-term capital and visionary strategic investment partners with the resources to nurture their success,” said SoftBank chairman and CEO Masayoshi Son in a press release. “The SoftBank Vision Fund is consistent with this strategy and will help build and grow businesses creating the foundational platforms of the next stage of the Information Revolution.”
SoftBank announced the fund last October, saying that it would be based in London. Other high-profile backers now include Foxconn, Sharp, and the Mubadala Investment Company of the United Arab Emirates.
NOW WATCH: Nathan Myhrvold, major patent holder, says lobbying by tech giants threatens ‘little guy’ innovators
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Brendan McDermid/Reuters
US President-elect Donald Trump and Softbank CEO Masayoshi Son acknowledge guests after meeting at Trump Tower.
SoftBank’s Vision Fund is officially the world’s biggest private equity fund after it announced on Saturday that it had closed $93 billion.
The extra $7 billion, bringing the fund’s total to $100 billion, is expected to close in the next six months, SoftBank said in its announcement on Saturday.
It’s a colossal amount of capital collected to invest in the next wave of technology companies, and it’s size and focus has attracted backers like Apple and Qualcomm as a result. The billions invested will be directed towards the tech industry, ranging from companies in artificial intelligence to robotics and cloud technology.
The way the fund was publicized suggested that it intended to invest in startups and emerging technologies. In December, Son told President-elect Donald Trump that $50 billion of the fund would be invested in US startups and it would bring 50,000 jobs to the US as a result, according to Bloomberg.
While startups will be a part of the fund, SoftBank said in the press release that it’s going to be investing in “established, multi-billion dollar companies requiring substantial growth funding” as well.
“Technology has the potential to address the biggest challenges and risks facing humanity today. The businesses working to solve these problems will require patient long-term capital and visionary strategic investment partners with the resources to nurture their success,” said SoftBank chairman and CEO Masayoshi Son in a press release. “The SoftBank Vision Fund is consistent with this strategy and will help build and grow businesses creating the foundational platforms of the next stage of the Information
SoftBank announced the fund last October, saying that it would be based in London. Other high-profile backers now include Foxconn, Sharp, and the Mubadala Investment Company of the United Arab Emirates.
NOW WATCH: Nathan Myhrvold, major patent holder, says lobbying by tech giants threatens ‘little guy’ innovators
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2roQ9cE
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel It’s official: SoftBank’s tech fund becomes world’s biggest with $93 billion to invest dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/its-official-softbanks-tech-fund.html
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