SoftBank Group Corp. said it will form a new fund to invest as much as $100 billion in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to find tech companies that will become influential in the future.
SoftBank partners Saudi public fund to set up $100b vehicle for investments in tech firms
A man looks at his phone as he walks past an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter
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