Durrelliott - News Source For Teenagers
close
Business World

Spending by SoftBank Vision Fund Raises Need for More Cash



TOKYO—SoftBank Group Corp. has spent at least half of its nearly $100 billion Vision Fund in less than two years, prompting executives to consider how the world’s biggest technology investor will raise more money to keep up that investment pace.

The Vision Fund, which is backed by the sovereign-wealth funds of Saudi Arabia and Abu Dhabi, has taken stakes in some of the world’s most valuable startups, including ride-hailing pioneer Uber Technologies Inc. and shared-office-space company WeWork Cos. LLC.



Source link

DE TEAM

The author DE TEAM

Leave a Response

Durrelliott - News Source For Teenagers