The Abu Dhabi-owned fund is considering a $10bn to $15bn contribution to the fund, which is expected to close at $100bn by the end of this month.
United Arab Emirates-based sovereign wealth fund Mubadala Development Co is mulling an investment of between $10bn and $15bn in telecommunications group SoftBank’s $100bn Vision Fund, Bloomberg has reported.
SoftBank will invest in late-stage advanced technology developers through the fund, which was originally announced in October 2016. The firm is putting $25bn of its own money into the initiative and sourcing the rest from state-owned funds and other corporates.
Between $10bn and $15bn of SoftBank’s provision will consist of financing supplied…
