Vision Fund | Pixr8 News

Tokyo, Aug 11, 2020: Japanese technology giant SoftBank Group profit rose 12 percent in April-June from a year earlier as its investments added to its coffers, including sales of its shares in US carrier T-Mobile. Tokyo-based SoftBank reported a first-quarter profit of 1.2 trillion yen (USD 11.8 billion), up from 1.1 trillion yen in the previous fiscal year. Quarterly sales inched down 2 per cent to 1.45 trillion yen (USD 13.7 billion). SoftBank, whose group includes the carrier that introduced the iPhone to Japan, said it has been shoring up its cash reserves. Chief Executive Masayoshi Son said, "the company already has raised in several months nearly all the 4.5 trillion yen (USD 41 billion) it had promised in March to attain within a year. But he acknowledged worries about a...

Masayoshi Son, founder of SoftBank Group Corp, the world’s largest private equity fund, announced that he was keen to set up a second Vision Fund in the near future, despite still having capital remaining in its $100 Bn Vision Fund of May 2017. In a conference held in Tokyo, the business mogul stated that capital will be raised from existing institutional investors for this new fund. Although Son said that the fund will launch in the “near future”, he did however, specify that it won’t be before the coming six months. “Vision Fund 2 will definitely come,” said Masayoshi Son at the conference, although the actual size of the fund has been kept confidential. The Vision Fund I is currently controlled by Softbank Group founder and CEO Masayoshi Son and designated CEO of Softbank Visio...

Tag: Vision Fund

SoftBank Posts $12 Billion Profit in First Quarter of 2020

Softbank Will Launch New Vision Fund in “Near Future”