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A day after the telecommunications giant, SoftBank, announced the launch of a new $ 40 billion investment fund, Apple and Microsoft announced that they would invest in the Vision Fund II, the investment budget of $ 108 billion.
The Vision Fund (I) was launched three years ago with a record budget of $ 100 billion. Part of this budget was provided by the Public Investment Fund of Saudi Arabia and has so far financed more than $ 80 million. IT startups are in the advanced stages of development.
The second Vision Fund will have a budget of more than $ 108 billion after Apple, Foxconn and Microsoft join the fund.
In Vision Fund II, Sofbank will contribute $ 38 billion, not $ 40 billion, as originally announced, according to businessinsider.com.
Softbank is a force in the media and telecommunications market, with a market value of $ 68 billion. The company is headed by Masayoshi Son, the richest businessman in Japan. Softbank also invested in the Chinese online giant Alibaba.
The largest purchases of Softbank took place in 2013, when it had acquired $ 22 billion, or 77% of Sprint Nextel shares, in 2006, with $ 15 billion acquired in the Japanese division of Vodafone, followed by the acquisition of the UK developer of ARM processors. , with 32 billion dollars.
In terms of startups, Softbank has invested in: WeWork, Slack, Uber, OneWeb, Boston Dynamics, Brain Corp. Lemonade, Cambridge Mobile Telematics, Paytm, Abundance and more.
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