© Reuters. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo

By Sam Nussey

TOKYO (Reuters) – Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday.

SoftBank will soon start discussing the second fund with the investors, Son said at the group’s annual general meeting, without providing further details.

The entrepreneur said in May a second fund would launch “soon”, with SoftBank likely to be the only investor initially.

Investors in the first Vision Fund, which has invested more than $80 billion in late-stage startups, include the sovereign wealth funds of Saudi Arabia and Abu Dhabi, Apple Inc (NASDAQ:) and Foxconn, formally known as Hon Hai Precision Industry Co Ltd.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link