Softbank launches second fund in September with 12 trillion yen <Al Watan Newspaper

Masayoshi Son, chairman of the Suf Bank Group, revealed that investment in the "Softbank II" fund would begin in September or October.
"Since the investment is very close, we first decided to allocate 4 trillion yen to this investment," Masayoshi said.
"The volume of investments in the second fund will gradually increase by about 12 trillion yen compared to the current size," he said at a press conference on the group's financial results. Softbank, details of which were published by the Japanese daily Nikkei.
"We will start to invest step by step this amount, and the future will continue to speak, I think we will list 10 companies next year and we will increase next year.
"There is no problem, Abu Dhabi and Riyadh are among the biggest investors in the fund, and our relationship is excellent and continuous," Masayoshi said. Saudi Arabia is also very interested in the second fund and is working according to some data. "
On August 7, the Softbank Group announced its consolidated financial results for the period from April to June 2019, with a net profit of 1.12 trillion yen, or 3.6 times the same period of time. last year, the highest level among Japanese companies for the same period.
The company made a profit of 1.2 trillion yen, higher than that of the Chinese group Alibaba.
"The recent news often makes the situation gloomy, but here we are progressing," said Masayoshi Son. After agreeing to join the US telecommunications sector, Mr. Masayoshi said, "The Sprint problem, which is a long-term concern, is now resolved. "I had not intended to enter the United States from the beginning if we could not integrate."
"We decided to invest about 4 trillion yen in the second SoftBank fund," said Masayoshi Son, adding that the merger of the two US carriers was one of the group's most important developments.
"Shareholder investment has risen from 400 billion yen to 1.3 trillion yen, making a profit of around 1,000 trillion yen," Masayoshi said. I also think that the majority think that investing in Sprint is a big failure and, from this point of view, they believe it true, but nevertheless the investment has tripled more.
Masayoshi also put the emphasis on investment in artificial intelligence. "In the last two years, we have 82 companies that are not publicly traded and investments have covered several areas, from transportation services to logistics, medical care, real estate and finance, the all in the context of an investment, artificial intelligence, "he said.