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Both organizations were already connected. Mubadala has invested $ 15 billion in SoftBank's Vision Fund in 2017. At the time, Mubadala CEO Khaldoon Khalifa Al Mubarak said in a statement that the investment would help the company's strategy. business as a long term global investor.
The Vision Fund has made large-scale investments. Earlier this month, it invested $ 940 million in the new American technology company Nuro and $ 390 million in the Finnish company, OakNorth.
The new European venture capital fund will be led by a new office in London, which is expected to open in the spring. Mubadala already has a US venture capital fund based in San Francisco.
A spokesperson for SoftBank was not immediately available to comment when contacted by CNBC. Mubadala declined to comment further on the report.
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