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Softbank CEO Masayoshi Son announced that the Vision Fund 2 Who has a size 100 The investment of one billion dollars will begin within a maximum of three months, before external investors are firmly committed, while we seek to continue our rapid investments in technology companies, reported the Japanese newspaper Nikai. .
Masayoshi Son explained that investing in a fund "Softbank Vision II" It will start in September or October after being awarded 4 Billions of yen for this investment.
Saudi Arabia is very interested in the second fund and is operating according to some data. 1 2 Billion of yen.
The president of Softbank confirmed that the start-up will be a progressive investment, this amount will continue and will be included 10 Comp next year will increase the following year".
Masayoshi Son said that Saudi Arabia and Abu Dhabi are among the biggest investors in the first fund. Our relationships are excellent and continuous. Saudi Arabia is very interested in the second fund and is working according to some data.".
Softbank Group announced in 7 August announced consolidated financial results for the period from April to June 2019Where the net profit 1.12 Billion yen, equivalent 3.6 Same period as last year which is the highest among Japanese firms in the same period.
The company declared an estimated profit 1.2 One trillion yen more than profits of Chinese group Alibaba.
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