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Okaz (Beijing)
The founder and general manager of Softbank Group, Masayoshi Son, revealed that Vision 2 could start investing next month, coinciding with a $ 100 billion profit from a subsidiary.
Last week, Softbank announced a pledge of $ 108 billion for its Vision II fund from participants, including Microsoft and Apple.
He announced that Saudi Arabia and the United Arab Emirates, the main shareholders of the first fund, had shown a keen interest in acquiring shares in the "Vision 2" fund.
Sun's comments come after Softbank announced a first-quarter operating profit higher than previous estimates.
The results were supported by a strong performance by Roya First Fund, whose operating profit jumped 66% in one year to 397.6 billion yen ($ 3.74 billion) for the quarter ended in June.
Softbank relies on First Vision Fund revenues and other badets to fund its $ 38 billion contribution to the Second Fund.
The first fund of 81 companies totaling $ 66.3 billion now represents $ 82.2 billion, with investments in companies such as Oyo Hotel Chain and Dordash Delivery Service.
The group's business results have been increasingly volatile, with Sun moving from predictable telecom revenue to a bet on high-growth startups with variable valuations.
Softbank shares have increased 42% since the beginning of the year, but declined 0.2% from the earnings announcement.
This article "" Softbank ": Emirati-Saudi directive to invest in" Vision 2 "", adapted from the site (Okaz newspaper), and in no way reflects the policy of the site or the point of view, but the responsibility of the news or its accuracy relies on the source of the newspaper Okaz origin.
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